YZJ Shipbldg SGD has received orders worth USD 2.2 billion so far this year, significantly lower than USD 11.6 billion in the same period last year | Lianhe Zaobao

YZJ Shipbldg SGD has received orders worth USD 2.17 billion so far this year, only one-fifth of the USD 11.6 billion during the same period last year. Despite a slight rebound in order growth due to an improved global economic outlook, the industry's order backlog remains high, with delivery times extending up to five years. The company is working to fulfill deliveries of medium and small vessels by mid-2029