Yangzijiang Shipbuilding units ordered to refund $4.47m in arbitration ruling

The proceedings pertain to 10 vessel contracts amounting to about $1.12b.

Singapore-listed Yangzijiang Shipbuilding (Holdings) Ltd. has been ordered to refund $4.47m (US$3.32m) to customers following an arbitration ruling in London. The decision pertains to two shipbuilding contracts involving three of its wholly owned subsidiaries.

The arbitration, initiated by multiple claimants in June and September 2022, alleged breaches of 10 shipbuilding contracts and sought approximately $1.12b (US$832.2m) in damages, including claims for loss of bargain and loss of profits. However, the tribunal dismissed the bulk of these claims, only allowing the refund request whilst reserving jurisdiction for further rulings.

Yangzijiang stated that the ruling is not expected to have a material impact on its financial position for the year ending 31 December 2025. The company is monitoring the situation closely and evaluating its next steps with legal advisors.

Shareholders are advised to exercise caution when dealing in Yangzijiang's securities. The company will provide further updates as necessary.

Follow the link for more news on

Yangzijiang Shipbuilding Holdings

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit