Yangzijiang Shipbuilding (Holdings)

[gzbkel]

Hi Ray168 thanks for the news. May I know the source or the link?

[Ray168]

gzbkel pid='153833' dateline='1565258837']Hi Ray168 thanks for the news. May I know the source or the link?

The rumour was forwarded to me by a broker.

Anyway, YZJ has not answer SGX query for same. 

YZJ chairman missing

[CY09]

I might be a little sticky with the Administrative work; but look at the SGX announcement.

Link: https://links.sgx.com/1.0.0/corporate-an...f1dc5eb640

The requester of the announcement is Ren Yuanlin himself. If the Chairman is missing, how the hell did he post a "request for trading halt"

[Ray168]

I might be a little sticky with the Administrative work; but look at the SGX announcement.

Link: https://links.sgx.com/1.0.0/corporate-an...f1dc5eb640

The requester of the announcement is Ren Yuanlin himself. If the Chairman is missing, how the hell did he post a "request for trading halt"

LOL .... it is a rumour, just a rumour. 

Yangzijiang hits rough waters amid Beijing's probe into individual linked to firm

[karlmarx]

There is probably matter which is grave enough to require RYL to be relieved from the Board. The announcement gives the impression that it was RYL who made the decision, on his own accord, to step down. I'm not convinced that this is the case.

He may have already been caught up in the investigation before 8 August. What evidence is there that RYL was indeed the person who requested the trading halt, and not someone else?

This is the second red flag in two years.

[Ray168]

I might be a little sticky with the Administrative work; but look at the SGX announcement.

Link: https://links.sgx.com/1.0.0/corporate-an...f1dc5eb640

The requester of the announcement is Ren Yuanlin himself. If the Chairman is missing, how the hell did he post a "request for trading halt"

LOL .... it is a rumour, just a rumour. 

Yangzijiang hits rough waters amid Beijing's probe into individual linked to firm

Price tanks another 20+% to 81c for trading lifted today.

Beginning 9 August 2019, Mr. Ren Yuanlin has been granted a leave of absence by the Board to focus on the Investigation 

YZJ response to SGX .... Response to SGX 20190814 

[Big Toe]

While the former chairman being summoned for questioning is worrying, what is even more worrying is the global ship building contracts have halved compared to the same period last year(Q1-Q2). The previous base case was that with higher scrapping and mergers, the oversupply will come to an equilibrium. That base case may no longer hold true. When most of the ships are delivered and it still does not pick up within the next 2-3 years, the shipbuilders will be hit hard...really hard. But looking at the Baltic Dry index, prices are actually quite decent relative to the last 5 years. So it maybe a case of ship owners holding their purchases due to uncertainty. Confusing times indeed.

[cyclone]

Yangzijiang receives new shipbuilding orders for two 325,000 DWT bulk carriers
* Yangzijiang continues to perform with new order wins despite challenging industry conditions and fierce competition
* The new orders further cement Yangzijiang’s strong market position in building larger vessels
* Group achieved a significant milestone as it successfully built a vessel without a dock and did its maiden semi-submerged ship launching
* The new orders are received from a ship owner based in Asia
* The new bulk carriers will be built by the Group’s Xinfu shipyard and the delivery of the vessels will be by June 2021.

More details in https://links.sgx.com/FileOpen/PressRele...eID=575961

[cyclone]

Yangzijiang continues order-win spree, inking new order contracts for another five vessels
* The new orders, placed by Asian shipowners, include three 82,000DWT bulk carriers and two 325,000DWT bulk carriers
* Together with the new orders for two 325,000DWT bulk carriers announced on 23 August 2019, Yangzijiang has signed new order contracts worth USD395 million so far in 3Q2019
* Enquiries for new vessels increased as shipowners firm up their plan on coping with the IMO2020 rules. More potential orders are in the pipeline and under negotiation with customers

One of the orders for the 82,000DWT bulk carriers was placed by Kambara Kisen Co., Ltd. of Japan, which has its own shipbuilding company under Tsuneishi Holdings Corporation. The 82,000DWT bulk carriers will be built at the Group’s Taicang yard, where Jiangsu Yangzi-Mitsui Shipbuilding Co., Ltd is based at. The customer for the two 325,000DWT bulk carriers is also from Asia.

More details in https://links.sgx.com/FileOpen/Press%20r...eID=577459

[cyclone]

More order flow for Yangzijiang as it inks new order contracts for six Great Lakes bulk carriers

Yangzijiang Shipbuilding (Holdings) Ltd. announced that it has entered into new order agreement for the building of six 31,800DWT Great Lakes bulk carriers.

The orders were placed by Navigation Maritime Bulgare (NAVIBULGAR®), a Bulgarian shipping company with 125 years of history. Four of these orders will be delivered in 2021-2022, and the client has the right to exercise the orders for the remaining two vessels.

The vessels meet the International Maritime Organization (IMO)’s NOx Tier III regulations and the IMO 2020 regulations on sulphur emissions.

More details in https://links.sgx.com/FileOpen/Press%20r...eID=583800