Yangzijiang Shipbuilding

What Yangzijiang Shipbuilding does

Yangzijiang Shipbuilding (Holdings) Ltd. is China's largest private shipbuilder, listed on the Singapore Exchange (SGX: BS6) since 2007 and headquartered in Jingjiang, Jiangsu Province, with origins tracing to a 1956 ship repair cooperative. The group operates three manufacturing subsidiaries — Jiangsu New Yangzi Shipbuilding (Jingjiang), Jiangsu Yangzi Xinfu Shipbuilding (Taixing), and the Yangzi-Mitsui joint venture with Japan's Mitsui E&S in Taicang — plus in-house design houses in Shanghai and a newly established green high-tech repair and conversion subsidiary in Nantong. Across its three large dry docks and three medium-large berths it can build 6 million DWT per year with a 30,000+ workforce, producing container ships (1,800-24,000 TEU), bulk carriers (30,000-400,000 DWT), tankers and chemical carriers (5,000-75,000 DWT), and clean energy vessels including LNG, LEG, LPG carriers and VLECs.

Revenue is generated principally through project-based multi-year shipbuilding contracts with global ocean carriers — Maersk, CMA CGM, Evergreen, ONE, PIL, Danaos, Seaspan, Evalend, CSL, NAVIBULGAR, and others — priced individually by vessel specifications with revenue recognized upon delivery. A 245-vessel US$22.39 billion backlog extends through 2030, of which 71% is clean energy LNG/methanol/ammonia-ready tonnage, aligning the order mix with IMO decarbonization mandates and the renewal cycle of the 45% of the global fleet over 15 years old. Distribution is exclusively direct B2B; complementary revenue streams include self-operated shipping and leasing (Shanghai Runyuan and Huayuan), investment and financial management, and ship repair and conversion through the new Yangzi Hongda entity.

FY2025 disclosed revenue was RMB 28.5 billion (~US$3.9 billion, +7.4% YoY) and net profit RMB 8.6 billion (~US$1.18 billion, +30.2% YoY, record high). 56 vessels were delivered in FY2025 with a 100% on-time rate. The company holds GTT Mark III certification (first private Chinese yard), ISO 9001/14001/45001/50001 certifications, and the 2022 7th China Industrial Award. Strategic ownership moves in 2026 included the US$825.7 million 10% acquisition of Poseidon Corp (Seaspan parent), the spinoff of Yangzijiang Maritime, and the Yangzi Hongyuan green energy base groundbreaking — together tightening customer alignment, separating financial businesses, and adding clean energy capacity.

Name

Yangzijiang Shipbuilding

Legal name

扬子江船业（控股）有限公司

Website

https://yzjship.com

Company type

Public

Founded year

1956

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Yangzijiang Shipbuilding is China's largest private shipbuilder (SGX: BS6), operating six million DWT annual capacity across three Jiangsu yards to deliver container ships up to 24,000 TEU, bulk carriers, tankers, and clean energy LNG/methanol/VLEC vessels to global shipowners including Maersk, CMA CGM, Evergreen, ONE, Danaos, and Seaspan.

Ownership category

akta.pro rank

Product category

Commercial Shipbuilding

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (3366)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Container Ship Shipbuilding (IMAJAAAB)

akta.pro secondary industries

Crude & Product Tanker Shipbuilding (VLCC/Suezmax/Aframax/MR) (IMAJAAAC), Bulk Carrier Shipbuilding (Dry Bulk: Capesize/Panamax/Handysize) (IMAJAAAA), Chemical Tanker Shipbuilding (IMAJAAAF)

Keywords

• Commercial shipbuilding
• Container ship construction
• LNG carrier building
• Bulk carrier manufacturing
• Ship repair services

Headquarters

HQ city

Jingjiang

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Shipbuilding Contracts: Core revenue from building and delivering commercial vessels including container ships, bulk carriers, tankers, LNG/LPG/VLEC carriers, and clean energy vessels. Revenue recognized upon vessel delivery. Order book extends through 2030.
2. Shipping and Leasing: Self-operated shipping fleet providing maritime transport services and leasing of owned vessels. Includes international shipping management through Shanghai Runyuan and domestic shipping through Shanghai Huayuan.
3. Investment and Financial Management: Investment returns from financial investments, cross-border RMB pool, and equity investments. Generated approximately 21 billion yuan in investment returns in 2014. Investments include 10% stake in Poseidon Corp (Seaspan) for US$825.7 million.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Yangzijiang Shipbuilding designs, builds, and delivers commercial vessels for global shipping companies, including container ships (1,800–24,000 TEU), bulk carriers (30,000–400,000 DWT), tankers and chemical carriers (5,000–75,000 DWT), and clean energy vessels (LNG/LEG/LPG carriers, VLEC up to 100,000 m³). The group operates three main shipyards in Jiangsu Province with 6 million DWT annual capacity, vertically integrated with in-house design, Shanghai-based R&D, and shipping/leasing operations. Revenue is driven by individually negotiated shipbuilding contracts with shipowners under multi-year delivery schedules.

Product overview

Yangzijiang Shipbuilding (扬子江船业) is China's largest private shipbuilder, operating as a commercial shipbuilding group with four core business segments: shipbuilding (the primary business), shipping and leasing, trade and logistics, and financial investment management. The group operates three main manufacturing subsidiaries—Jiangsu New Yangzi Shipbuilding (Jingjiang), Jiangsu Yangzi Xinfu Shipbuilding (Taixing), and Jiangsu Yangzi Mitsui Shipbuilding (Taicang, joint venture with Japan's Mitsui E&S)—producing container ships ranging from 1,800 TEU to 24,000 TEU, bulk carriers from 30,000 DWT to 400,000 DWT, tankers and chemical carriers from 5,000 DWT to 75,000 DWT, and clean energy vessels including LNG, LEG, LPG carriers and VLEC. The group also maintains Shanghai-based ship design subsidiaries (Babasi, Henggao, Yikai) for in-house R&D, and has expanded into ship repair/conversion services through the newly established Jiangsu Yangzi Hongda Shipbuilding and Repair subsidiary.

Differentiator

Problem solved

Functional benefit

Products and services

• Container Ships (集装箱船) Comprehensive range of container ships from 1,800 TEU to 24,000 TEU, including LNG dual-fuel and methanol dual-fuel variants, serving major global shipping lines like Maersk, CMA CGM, Evergreen, ONE, PIL, and Danaos.
• Bulk Carriers (散货船) Large bulk carriers ranging from 30,000 DWT to 400,000 DWT, including Cape Size, Newcastlemax, and specialized types such as self-unloading bulkers and ore carriers for customers including AOM Malta, CSL, NAVIBULGAR, and Lepta Shipping.
• Tankers and Chemical Carriers (油轮/化学品船) Oil tankers, product carriers, and chemical carriers ranging from 5,000 DWT to 75,000 DWT, including MR tankers, LR1 tankers, and combination vessels for customers including Evalend Shipping, Chartworld Shipping, and PIE Group.
• Clean Energy Vessels (LNG/LEG/LPG Carriers and VLEC) LNG, LEG, LPG carriers, VLEC (Very Large Ethane Carriers up to 100,000 m³), and multi-fuel vessels meeting IMO environmental regulations for decarbonization. 71% of current orderbook value is in clean energy vessels.
• Ocean Engineering (海洋工程) Offshore platforms and specialized vessels including drilling rigs and multi-purpose support vessels for ocean engineering applications.
• Shipping & Leasing (航运租赁) Self-operated shipping fleet management including international shipping management through Shanghai Runyuan and domestic shipping through Shanghai Huayuan, providing maritime transport services and vessel leasing.
• Ship Design Services (船舶设计) In-house design capabilities through Shanghai-based subsidiaries including Babasi, Henggao, and Yikai, covering concept to detailed design for all vessel types using TRIBON M3.
• Ship Repair & Conversion (船舶修理改装) Vessel repair, conversion, and delivery services through the wholly-owned subsidiary Jiangsu Yangzi Hongda Shipbuilding and Repair in Nantong Tongzhou Bay Demonstration Zone.

Quantifiable outcome

• FY2025 net profit of RMB 8.6 billion, up 30.2% YoY
• +4 more outcomes

Named customers15 records

Segments2 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• GTT (Gaztransport & Technigaz)coreTechnology or Integration · 26 October 2022Technology licensing agreement for GTT Mark III membrane LNG fuel containment system, enabling YZJ to build large LNG carriers and LNG-fueled vessels. YZJ became first private Chinese shipyard certified for GTT Mark III construction.
• MAN Energy Solutions / WinGDcoreTechnology or Integration · 26 October 2022Dual-fuel engine suppliers for LNG and methanol dual-fuel vessels. WinGD dual-fuel engines installed in vessels such as the 9,000 TEU Maersk methanol dual-fuel ships and CMA CGM Jacques Saade LNG dual-fuel vessels.
• Mitsui E&S Shipbuilding (日本三井E&S造船)coreStrategic or Co-development Partner · 1 May 2019Joint venture established in 2019 - Jiangsu Yangzi Mitsui Shipbuilding Co., Ltd. (江苏扬子三井造船有限公司). JV integrates YZJ's production and cost management with Mitsui's R&D design, quality management, and global sales network. Focus on green, high-tech LNG/LEG/LPG clean energy vessels. YZJ holds controlling stake.
• SP Chemicals (新浦化学)coreStrategic or Co-development PartnerLong-term charter partnership for 5 × 100,000 m³ VLEC vessels for ethane/ethylene transport. YZJ built vessels at Yangzi Xinfu; SP Chemicals provides long-term cargo contracts ensuring revenue visibility.
• Jiangsu Maritime Vocational College (江苏海事职业技术学院)minorStrategic or Co-development PartnerJoint R&D partnership for dual-fuel ship low-temperature fuel tank intelligent welding technology, submitted for Jiangsu Province Science and Technology Award 2025.
• Jiangsu Ocean University (江苏海洋大学)minorStrategic or Co-development PartnerJoint R&D partnership alongside Jiangsu Maritime Vocational College for low-temperature fuel tank intelligent welding key technology and applications.
• Changzhou Taixiang Automation Equipment Technology (常州泰翔自动化设备科技有限公司)minorStrategic or Co-development PartnerTechnology partner in joint R&D project for dual-fuel ship low-temperature fuel tank intelligent welding systems and equipment.
• Shanghai Ship Design Institute (上海船舶研究设计院)coreTechnology or IntegrationJoint design development for vessel types including the 8,000 TEU LNG dual-fuel container ship featuring GTT薄膜型燃料舱 and ammonia-ready fuel tanks.
• China State Shipbuilding Corporation (CSSC) - 708 Research InstitutecoreTechnology or IntegrationJoint development of 10,000 TEU and subsequent container ship series, with CSSC 708 Institute providing ship design and engineering support for YZJ's breakthrough in ultra-large container vessels.

Scale indicators14 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• China State Shipbuilding Corporation (CSSC): China's largest state-owned shipbuilding group, parent of Jiangnan Shipyard, Hudong-Zhonghua, and Waigaoqiao Shipbuilding. Competes with YZJ across container ships, LNG carriers, and bulkers but as a much larger, diversified SOE portfolio; YZJ's GTT Mark III license positions it within the same ecosystem on LNG carriers specifically.
• Dalian Shipbuilding Industry (DSIC, now CSSC): Chinese state-owned yard within CSSC, building VLCCs, bulkers, and large container ships. Competes for the same DWT-scale tanker and bulker contracts that comprise part of YZJ's diversified backlog.

Direct peers

• HD Hyundai Heavy Industries: World's largest shipbuilder by capacity, building LNG carriers, VLCCs, container ships, and offshore platforms. Directly comparable technology and customer overlap (CMA CGM, Maersk order book); benchmark for global clean-energy shipbuilding capacity.
• Hanwha Ocean (formerly DSME): Korean shipbuilder specializing in LNG carriers (where it leads), VLCCs, and drillships. Direct competitor for the same large LNG carrier contracts YZJ is winning; key reference for membrane LNG carrier pricing and slot allocation.
• Samsung Heavy Industries: Korean shipbuilder with leading positions in LNG carriers, ultra-large container ships, and offshore plants. Competes for the same tier-1 charterer orderbook (CMA CGM, Maersk) and shares the GTT Mark III technology licensing base as YZJ.
• Imabari Shipbuilding: Japan's largest private shipbuilder and a major container ship and bulker constructor. Closest geographic/comparability analog to YZJ as an Asian private shipyard competing globally on container and bulker newbuilds.
• Tsuneishi Holdings (Cebu/Fukuyama): Japanese private group with bulker and container ship operations in Japan and the Philippines. Direct competitor in the 30,000–180,000 DWT bulk carrier and feeder container ship segments where YZJ is also active.
• Mitsui E&S Shipbuilding: Yard technology partner in the Yangzi-Mitsui JV; independently a Japanese builder of LNG carriers and naval vessels. Highly comparable on technology and customer base, with an embedded partnership reflecting that overlap.
• Hudong-Zhonghua Shipbuilding (CSSC): China's most prolific large LNG carrier builder and the only other Chinese yard historically building GTT-equipped LNG newbuilds at scale. Direct competitor for the same SP Chemicals/Astor-type gas carrier orders; YZJ competes as the first private Chinese alternative.

Others

• Seaspan Corporation (Poseidon Corp): World's largest independent containership owner/operator, now a 10%-owned YZJ investee. Not a competitor but a strategic customer and vertical-integration partner whose renewal pipeline directly drives YZJ's order book.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yangzijiang Shipbuilding