Recently, Yangzijiang Shipbuilding announced the latest progress on its new shipbuilding base—the Yangzi Hongyuan Shipbuilding Project: Construction at the yard is proceeding smoothly, with partial operations already underway; full-scale operations are expected to begin in early 2027. The project generated revenue of 545 million yuan (approximately $82 million) in the second quarter of 2026.
Jiangsu Yangzi Hongyuan Shipbuilding Co., Ltd. was established in April 2024 as a wholly-owned subsidiary of Yangzijiang Shipbuilding. In July 2024, Yangzijiang Shipbuilding signed an agreement with Xinqiao Town (Xinqiao Industrial Park) in Jingjiang for the Yangzi Hongyuan Green High-Tech Clean Energy Shipbuilding Base project, marking the establishment of Yangzijiang Shipbuilding’s new shipbuilding base in Jingjiang.
In 2025, Jiangsu Province designated the Yangzi Hongyuan Shipbuilding Project as a major provincial project, and construction officially began in February of that year. The project plans to invest 3 billion yuan over two years. With a waterfront length of approximately 1,320 meters and a land area of about 1,300 mu (866,700 square meters), it will construct one 300,000-ton shipbuilding dry dock, one 200,000-ton outfitting pier, and one 100,000-ton harbor basin, with an annual production capacity of approximately 800,000 tons of deadweight.
According to publicly available information, Yangzi Hongyuan’s first batch of new ship orders has been scheduled for production, and the supporting facilities on the shipyard grounds—including the fabrication shop, block assembly shop, and piping and outfitting shop—began operations in April 2026; the supporting equipment—one 1,800-ton gantry crane, one 1,200-ton gantry crane, and one 400-ton gantry crane—has been delivered in succession.
Among them, the 1,800-ton gantry crane has a span of 178 meters and a lifting height of 90 meters. It adopts a single-girder design and is suitable for large-span shipyard operations. It is equipped with multiple independent trolleys and supports various operation modes such as single lifting, tandem lifting, and in-air turning of hull blocks. Its tandem lifting capacity is 1,800 tons, and its turning capacity is 1,000 tons, capable of meeting the lifting requirements of large blocks.
It is understood that Yangzi Hongyuan is a key component of Yangzijiang Shipbuilding’s transformation and upgrading. The shipbuilding base aims to establish a world-class demonstration zone for the high-quality development of clean-energy gas-powered vessels. Guided by the planning principles of intelligence and digitization, it will implement modern shipbuilding models and construct a modern smart factory. Upon completion, the facility will serve as the primary construction base for Yangzijiang Shipbuilding’s current order backlog of green, clean-energy vessels.
Yangzijiang Shipbuilding’s third-quarter 2026 results show that, based on order value, approximately 67 percent of its order backlog consists of clean energy vessel orders.
So far in 2026, driven by orders for liquefied natural gas (LNG) dual-fuel ultra-large container ships and large bulk carriers, Yangzijiang Shipbuilding has exceeded its annual order target.
As of October 31, Yangzijiang Shipbuilding had secured orders for 87 new vessels this year, with a total value of $6.98 billion, reaching 155% of its annual order target of $4.5 billion; Its order backlog stands at 285 vessels totaling 12.65 million compensated gross tons, with a value of approximately $26.3 billion, and delivery schedules extending through 2031. Both the order backlog and contract value have reached all-time highs, including 173 container ships, 44 oil tankers, 43 bulk carriers, and 25 gas carriers.