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Yangzijiang Shipbuilding Hits Record Profit Amid Shifting Market Trends
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🚢⚓️ China’s largest private shipbuilder, Yangzijiang Shipbuilding, has posted a record $580 million profit for the first half of 2025, a 37% jump year-on-year, according to Maritime Executive . The surge underscores the remarkable momentum in China’s shipbuilding sector over the past two years.
While overall revenue dipped slightly due to a smaller share of container ship deliveries, the loss was offset by a sharp rise in high-margin dual-fuel orders – now making up three-quarters of the company’s orderbook. Additional gains came from two Japanese joint ventures, Zhoushan Tsuneishi and Yangzi Mitsui, which together added $67 million in profit.
New orders, however, slowed sharply. In the first half, Yangzijiang secured just 14 contracts worth $540 million (less than a tenth of its 2025 target) though it holds more than $2 billion in letters of intent. Even with this dip, the shipbuilder’s backlog remains near record levels, with 236 vessels worth $23 billion on order.
🧐 Market uncertainty is being shaped by the Trump administration’s proposed U.S. port fees on Chinese-built ships, prompting some owners to delay or reconsider orders. Still, Yangzijiang is pressing ahead with expansion, having broken ground on its new Yangzi Hongyuan yard in February. Plans for another greenfield facility, Jiangsu Yangzi Runze Shipbuilding, have been put on hold, marking a rare pause in China’s otherwise relentless shipyard growth.
Since 2023, strong global demand for Chinese-built tonnage has even revived shuttered yards from the 2010s downturn, breathing new life into once-dormant industry names.
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