Game-changing win of LNG carrier orders.
- Yangzijiang secured its highly anticipated first orders for two 175k cbm LNG Carriers (estimated to be worth ~US$240m each) in end Oct- 2022, after obtaining the GTT license in early Sept-2022. It is also the first Chinese private shipyard that has penetrated into this high technical barrier market that is 90% dominated by Korean shipbuilders. We are expecting more LNG carrier orders to come, serving as a key re-rating catalyst for the stock.
- - Read this at SGinvestors.io -
Minimal operation disruption from COVID lockdowns.
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