Chinese shipbuilder Yangzijiang secured nine new shipbuilding orders in May.
These include two 82,000DWT dry bulkers, two 208,000DWT dry bulkers and five 12,000TEU containerships.
The total contract value for these nine vessels is US$578 million.
Together with the new orders of $268 million secured from January to April, as of end of May, the group has secured new orders for 18 vessels, worth $846 million, in 2018.