China-based shipbuilder Yangzijiang Shipping Ltd. said it has secured contracts worth $409.7m to build 13 container vessels for delivery between 2010 and 2011.
It currently has $4.94b worth of contracts on hand, $2.9b dollars of which was secured during the first nine months of the year. Yangzijiang was among the three foreign stocks that were included in the revamped Straits Times Index.
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