Yangzijiang Shipbuilding bags $2bn of boxship orders

Details of the first investment made by the new big North American shipping investment collaboration that sees Canada’s Seaspan partner with The Carlyle Group and Tiger Group Investments.

The venture plans to order up to $5bn worth of ships focusing mainly on the China market.
China’s Yangzijiang Shipbuilding has signed up to build 22 units of 10,000-teu newbuildings including options for the North American investors in deal worth more than $2bn with the first ship due in January 2014.