MARITIME vessel maker Yangzijiang Shipbuilding recently announced that it has secured another US$2.6 billion in shipbuilding contracts, taking its order wins to $14.3 billion in the year to date.

The latest contracts are for 21 vessels: six units of liquefied natural gas dual-fuel 17,000 TEU container ships; six units of methanol dual-fuel 13,000 TEU container ships; four units of 39,000-dead weight tonnage (DWT) medium-range oil tankers; two units of 4,300 TEU container ships; and three units of 45,000-DWT bulk carriers.

The orders are primarily scheduled for deliveries between 2027 and 2029 and will not have a significant impact on the group's earnings for the financial year ending December 31, 2024, said the main board-listed company in a bourse filing.

The announcement follows the group's quarterly business update on November 7, in which it said it had secured $11.6 billion of order wins in the year to date - exceeding its target of $4.5 billion for the 2024 financial year.

The group said at the time that its robust order wins were fuelled by strong demand for dual-fuel container ships, oil tankers and gas carriers. The strong order book consequently brought revenue visibility up to mid-2028, it noted, reports Singapore's The Business Times.