China's Yangzijiang Shipbuilding secured $6.98 billion in new orders during the first ten months of 2026, exceeding its full-year order-win target of $4.5 billion by 55 per cent, the company said in its third-quarter business update.
The outstanding orderbook was valued at $26.3 billion as at October 31, with deliveries scheduled through 2030. Around two-thirds of its contract value comprised vessels the company classifies as "clean energy" newbuildings.
"This was underpinned by contracts for ultra-large LNG dual-fuel containerships and large bulk carriers," said executive chairman Ren Letian.
The company had reported approximately $1.96 billion in new orders at the end of July, while its orderbook stood at $22.4 billion as at June 30.
Ren said he expected demand for newbuilds to stay firm, supported by fleet replacement, the move to dual-fuel vessels and trade-route disruptions that continue to tie up shipping capacity.
"With delivery slots across the industry largely committed through 2029, we remain selective, prioritising vessel types and contract terms that preserve the quality of our orderbook," he said.
He added that the company's focus was on, "executing our orderbook with quality, ramping up our Hongyuan yard to support growth in the coming years, and progressively filling our remaining 2030 delivery slots."
The Hongyuan project adds 866,671 square metres of yard space, with construction scheduled for completion by the end of 2026. Shipbuilding activity began there in the first half of the year, and the first vessel delivery from the yard is expected in 2027.
Yangzijiang delivered 27 vessels in the first half of 2026 against a full-year target of 58, having delivered 56 vessels in 2025.