On May 19, Yangzijiang Shipbuilding (Holdings) Co., Ltd. released its “First Quarter 2026 Results Presentation.” As of March 31, 2026, Yangzijiang Shipbuilding held an orderbook of new vessels comprising 252 vessels (8.63 million, compensated gross tonnages, CGT) with a total value of $22.3 billion, with delivery dates ranging from 2026 to 2030.
In the first quarter of 2026, Yangzijiang Shipbuilding signed new ship orders for 24 vessels worth US$1.03 billion, with container ships accounting for the largest share; it delivered 17 vessels, accounting for 29% of the annual delivery target of 58 vessels.
Order backlog: 252 vessels / $22.3 billion
According to the quarterly report, as of March 31, 2026, Yangzijiang Shipbuilding had a backlog of 252 vessels with a total value of $22.3 billion, with delivery schedules extending through 2030. Orders for new clean-energy vessels accounted for approximately 69% of the total, covering vessel types such as container ships, gas carriers, oil tankers, and bulk carriers, with container ships making up the largest share of orders. By vessel type:
The order for 146 container ships (6 million CGT) is valued at US$16.41 billion, including: 17 1100 TEU container ships, 10 1700 TEU container ships, 5 1800 TEU container ships, 4 1900 TEU container ships, 6 2900 TEU container ships, 4 3000 TEU container ships, 4 3100 TEU container ships, 4 4300 TEU container ships, 2 4488 TEU container ships, 7 5900 TEU container ships, 7 8000 TEU container ships, 2 11800 TEU container ships, 10 9000 TEU LNG dual-fuel container ships, 6 13000 TEU LNG dual-fuel container ships, 28 17000 TEU LNG dual-fuel container ships, and 9 24000 TEU container ships. LNG dual-fuel container ships, 10 9,000 TEU methanol dual-fuel container ships, and 11 13,000 TEU methanol dual-fuel container ships.
Orders for oil tankers total 38 vessels (1.01 million CGT), valued at $1.91 billion, including: 4 39,000 DWT MR product tankers, 3 40,000 DWT MR product tankers, 11 50,000 DWT MR product tankers, 4 74,000 DWT LR1 product tankers, and 16 75,000 DWT LR1 product tankers.
Orders for gas carriers total 26 vessels (680,000 CGT), valued at $2.36 billion, including: 3 25,000 cubic meter LPG carriers, 12 40,000 cubic meter LPG carriers, 2 48,000 cubic meter LPG carriers, 4 88,000 cubic meter VLACs, and 5 100,000 cubic meter VLECs.
The order for 42 bulk carriers (940,000 CGT) is valued at $1.62 billion, including: 2 32,000 DWT bulk carriers, 3 45,000 DWT bulk carriers, 8 71,000 DWT bulk carriers, 2 80,000 DWT bulk carriers, 17 82,500 DWT bulk carriers, 9 83,000 DWT bulk carriers, and 1 Combination 83,300 DWT bulk carrier.
New contracts signed in the first quarter: 24 vessels, valued at US$1.03 billion.
During the reporting period, Yangzijiang Shipbuilding signed new orders for 24 vessels totaling $1.03 billion, mainly container ships, bulk carriers, and oil tankers, with orders for 19 container ships, 1 bulk carrier, and 4 oil tankers respectively, all of which are small and medium-sized vessels. Yangzijiang Shipbuilding’s annual order target for 2026 is set at $4.5 billion.
New vessel orders received in the first quarter of 2026 include: 8 1,100 TEU container ships, 4 1,900 TEU container ships, 7 5,900 TEU container ships; 1 83,000 DWT bulk carrier; and 4 50,000 DWT MR product tankers.
17 Vessels Delivered in the Quarter
In the shipping sector, Yangzijiang Shipbuilding sold two 92,500 DWT bulk carriers and one 52,000 DWT bulk carrier during the reporting period, and added one 82,000 DWT bulk carrier. As of March 31, Yangzijiang Shipbuilding operated a total of 31 vessels with an average age of 8.6 years, including 27 bulk carriers, 2 stainless steel chemical tankers, 1 container ship, and 1 multipurpose vessel.
Yangzijiang Maritime: 55 vessels, valued at $2.99 billion
In addition, Yangzijiang Shipbuilding also disclosed in its quarterly report that as of March 31, 2026, Yangzijiang Maritime held new ship orders for 55 vessels (1.33 million CGT), valued at $2.99 billion, with delivery dates covering 2026 to 2029. Gas carrier orders accounted for approximately 52% of the total.
Specifically, it includes: 3 25,000 cubic meter LPG carriers, 12 40,000 cubic meter LPG carriers, 2 48,000 cubic meter LPG carriers, 2 50,000 deadweight MR-type product tankers, 4 3,100 TEU container ships, 2 80,000 DWT bulk carriers, 17 82,500 DWT bulk carriers, 9 83,000 DWT bulk carriers, and 4 88,000 cubic meter Very Large Ammonia (VLAC) carriers.
Commenting on the group’s operational performance and market prospects, Ren Letian, CEO of Yangzijiang Shipbuilding, stated: “Our production and vessel delivery schedule remains on track year-to-date. While the recent escalation of geopolitical tensions may bring some worries to our customers on new newbuild discussions, contracts already in advanced negotiation are not affected, as evidenced by the US$1.03 billion in orders that we secured year to date.We are closely monitoring market dynamics and maintaining active dialogue with our customers. We have also announced the proposed acquisition of a 10% stake in Poseidon Corp, the parent company of Seaspan. Subject to the requisite approvals, this acquisition is expected to further strengthen our customer relationships and enhance our visibility into long-term market demand.The Group remains well-positioned to capture demand as market needs evolve. Our focus remains firmly on filling the remaining 2029 delivery slots and progressively opening up capacity for 2030.”