A new Order has arrived.
$YZJ Shipbldg SGD (BS6.SG)$ After revealing plans to build up to 12 stainless Steel Chemical Ships, Norwegian Chemical Ship owner/operator Odfjell has returned to Shin Kurushima Shipbuilding and Yangzi Mitsui Shipbuilding to order new ships.
According to shipbroker Bancosta, Odfjell has signed contracts with Japan's Shin Kurushima Shipbuilding for the construction of 2 stainless Steel Chemical Ships with a deadweight tonnage of 25,000, expected to be delivered by the end of 2026 and mid-2027; and has signed contracts with Yangzi Mitsui Shipbuilding for the construction of 2 stainless Steel Chemical Ships with a deadweight tonnage of 49,000, expected to be delivered in mid and late 2028. The value of both shipbuilding contracts has not been disclosed.
According to shipbroker Bancosta, Odfjell has signed contracts with Japan's Shin Kurushima Shipbuilding for the construction of 2 stainless Steel Chemical Ships with a deadweight tonnage of 25,000, expected to be delivered by the end of 2026 and mid-2027; and has signed contracts with Yangzi Mitsui Shipbuilding for the construction of 2 stainless Steel Chemical Ships with a deadweight tonnage of 49,000, expected to be delivered in mid and late 2028. The value of both shipbuilding contracts has not been disclosed.
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JJ trader : May I know are both of the companies you mentioned are under YZJ ?
默默无闻的学徒 OP JJ trader : Only Yangtze Mitsui is a joint venture company between China and Japan. Similarly, Yangtze River has also acquired shares in Japanese shipyards, Zhoushan Changshi Shipyard (34%). Japan needs China's production capacity, and China needs Japan's technology, each fulfilling their own needs.
JJ trader 默默无闻的学徒 OP : Thank you.