The Singapore-listed company says the new orders are for six 82,000-dwt bulk carriers, eight 64,000-dwt bulkers and one 94,000-dwt self-unloading vessel.
The orders follow on from contracts announced in April 2013 for five 82,000-dwt bulkers, two 36,000-dwt bulkers and a single 94,000-dwt self-unloading vessel.
In May Global Maritime Investments (GMI) was linked to the orders for five kamsarmax bulkers at Chinese shipyards.
The latest batch of ships are scheduled for deliveries from 2015 to 2016.
Yangzijiang Shipbuilding has set up a ship owning company in Hong Kong and Singapore, called Yangzijiang Shipping, which will bareboat charter vessels to operators under long term contracts with purchase options when the fixtures expire. Charterers have to make a 20% down payment for ships.
Greece’s Oceanbulk Group has taken up an offer by fixing four firm ultramax bulkers plus four options.
Yangzijiang also revealed today that it has purchased the balance of 49% of the equity capital in Jiangsu Yangzi Changbo Shipbuilding for a total CNY110m ($18m).
The first 25% was acquired by the company directly, and the remaining 24% by its wholly-owned subsidiary, Jiangsu Yangzijiang Shipbuilding Co.
In April Yangzijiang Shipbuilding reported that first-quarter net profits dropped by 30% to CNY 717.2m.
However, the group says it has now secured 27 shipbuilding contracts in the first half of 2013 worth some $1.1bn, and also has 51 options valued at $2.6bn. The options include 22 containerships valued at $1.6bn and 29 bulkers worth $1.1bn.
Three contracts for 2,500-teu boxships have also been sold during the second quarter of 2013.
