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China's Yangzijiang Shipbuilding wins orders for 59 vessels worth US$1.6b
CHINA's Yangzijiang Shipbuilding Holdings Ltd received orders for 59 vessels with a combined value of US$1.6 billion, year-to-date, exceeding its earlier $1.5 billion forecast and double the amount recorded in 2016.
The shipbuilder's order book stood at $4.3 billion as of September 30, and the company now expects to receive new orders worth $2 billion in 2018, reported Reuters.
The company's third quarter net profit increased to CNY866 million ($130.5 million), boosted by non-operating gains, up from CNY281.2 million ($42.4 million) a year ago.
Yangzijiang is considering the acquisition of assets and technologies to build liquefied natural gas (LNG) and liquefied petroleum gas (LPG) vessels, according to executive chairman Ren Yuanlin.
The shipbuilder's order book stood at $4.3 billion as of September 30, and the company now expects to receive new orders worth $2 billion in 2018, reported Reuters.
The company's third quarter net profit increased to CNY866 million ($130.5 million), boosted by non-operating gains, up from CNY281.2 million ($42.4 million) a year ago.
Yangzijiang is considering the acquisition of assets and technologies to build liquefied natural gas (LNG) and liquefied petroleum gas (LPG) vessels, according to executive chairman Ren Yuanlin.
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