Yangzijiang Shipbuilding: Riding the Green Wave with a Strong Q3 2025 Performance
Yangzijiang Shipbuilding (Holdings) Ltd. has released its latest business update as of 17 November 2025, and the numbers show a company strongly aligned with global demand for greener, cleaner, and more efficient vessels. With a robust orderbook, solid operational execution, and strategic expansion into high-value segments, Yangzijiang continues to strengthen its position in the global shipbuilding industry.
Table Of Content
- Operational Progress: Meeting Delivery Targets Ahead of Schedule
- Surging Order Wins: Powered by Strong Demand for Medium & Green Vessels
- Breakdown of YTD Orders
- Outstanding Orderbook: A Strong Pipeline Through 2029 and Beyond
- Clean-Energy Focus
- YAMIC’s Orderbook (as of 17 Nov 2025)
- Recent Milestones
- Shipping Portfolio Updates
- Fleet Composition
- Future Growth Strategy: Building for the Next Decade
- 1. Capacity Expansion
- 2. LNG Terminal Business – Project Hongyuan
- Leadership Outlook
Operational Progress: Meeting Delivery Targets Ahead of Schedule
Yangzijiang has maintained healthy construction momentum throughout 2025.
The company achieved 82% of its FY2025 delivery target year-to-date.
A total of 46 vessels have been delivered out of the scheduled 56.
This consistent pace reflects both operational discipline and strong customer demand across vessel categories.
Surging Order Wins: Powered by Strong Demand for Medium & Green Vessels
Order momentum remains one of Yangzijiang’s strongest pillars this year.
YTD order wins (as of 17 Nov 2025): USD 2.17 billion
This is 4 times higher than the USD 0.54 billion in 1H2025.
Most orders are for small to mid-sized vessels slated for delivery between 2027 and 2029.
Breakdown of YTD Orders
Containerships – 38 vessels
Sizes: 1,100 TEU to 11,800 TEUBulk Carriers – 10 vessels
Sizes: 71,000 DWT & 83,000 DWTGas Carriers – 2 vessels
40,000 CBM LPG carriers
Yangzijiang’s orderbook is increasingly dominated by next-generation, clean-energy-ready vessels—fully aligned with global ESG shifts.
Outstanding Orderbook: A Strong Pipeline Through 2029 and Beyond
As of 17 November 2025, Yangzijiang’s outstanding orderbook stands at:
USD 22.83 billion
245 vessels
This provides the Group with high revenue visibility up to 2029 and beyond, giving the company a stable base for long-term growth.
Clean-Energy Focus
71% of the total orderbook value now comprises green vessels.
Containerships remain the Group’s dominant product category.
The industry shift toward clean energy is clearly working in Yangzijiang’s favour.
YAMIC Yard: Moving Up the Value Chain
The YAMIC yard, established in 2019, has undergone a strategic pivot since 2024—focusing on the construction of high-end gas carriers. This move is already paying off:
Gas carriers now account for 48% of YAMIC’s orderbook value.
YAMIC’s net profit more than doubled in FY2024 thanks to high-value contracts.
YAMIC’s Orderbook (as of 17 Nov 2025)
61 vessels
USD 3.30 billion in contract value
Deliveries scheduled from 2025 to 2029
Recent Milestones
24 Oct 2025: Delivered 3 × 36,000 m³ dual-fuel LEG carriers
3 Nov 2025: Delivered its 10th 16,000 TEU LNG dual-fuel containership
4 Nov 2025: Delivered its 4th 8,200 TEU LNG dual-fuel containership with GTT membrane tank technology
These achievements demonstrate YAMIC’s growing technical capabilities in the high-specification vessel market.
Shipping Portfolio Updates
Yangzijiang continues to optimize its owned fleet:
Divested one 1,800 TEU containership and auctioned two 82,000 DWT bulk carriers during 3Q2025.
As of 30 September 2025, the fleet consists of 32 vessels with an average age of 8.4 years.
Fleet Composition
28 Bulk Carriers
2 Stainless Steel Chemical Tankers
The Group’s strategy focuses on maintaining a modern fleet while monetizing assets when market conditions are favourable.
Future Growth Strategy: Building for the Next Decade
Yangzijiang is positioning itself for the next wave of global demand through major long-term projects:
1. Capacity Expansion
Site expansion of 866,671 m² (17% increase)
CAPEX: RMB 3.0 billion
Completion target: 1H2027
2. LNG Terminal Business – Project Hongyuan
Includes LNG terminal + storage tank facilities
CAPEX: RMB 2.0 billion
Expected completion: 1H2027
These projects enhance Yangzijiang’s infrastructure and open new revenue streams in the growing LNG value chain.
Leadership Outlook
Executive Chairman and CEO Mr. Ren Letian remains confident despite the industry’s historically high order backlog. He emphasizes:
Strong execution for steady profit realization
Focus on sustainable, long-term shareholder returns
Continued confidence in securing new orders for remaining 2029 delivery slots, primarily for small-to-mid-sized vessels
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