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http://splash247.com/titan-quanzhou-shipyard-gets-11-offshore-orders/

All is not lost in Offshore construction 21 May 2015 Titan Quanzhou Shipyard gets 11 offshore orders Guangzhou: Hong Kong-listed Titan Petrochemicals has announced it has entered into a framework agreement with Singapore-listed Falcon Energy Group (FEG) for the construction of one semi-submersible and two jackup platforms at its subsidiary yard, Titan Quanzhou Shipyard. Titan Petrochemicals has also signed a memorandum of understanding with its controlling shareholder Guangzhou Zhenrong Energy (GZE), in which GZE has agreed to order two semi-submersibles, four jackups and two FSRUs at Titan Quanzhou Shipyard.

Cardiff Marine converts bulker newbuildings into mega-boxships The Greek owner’s private vehicle, Cardiff Marine, is said to have switched a pair of large bulker newbuildings into two mega- containerships. Market sources say Cardiff has converted two of the six 208,000-dwt newcastlemaxes it has on order at Singapore-listed Yangzijiang Shipbuilding into a pair of 11,000-teu vessels. “Cardiff is due to take delivery of four newcastlemaxes in 2016 and two in 2017,” said one source. “It has managed to persuade Yangzijiang to change the 2017 duo into containerships.” Shipyard officials decline to confirm the switch, citing contract confidentiality. Cardiff booked the bulkers at Yangzijiang early last year for less than $55m each. The conversion move is said to have increased the company’s total spending at the Chinese yard from $330m to $406m, as the boxships are said to be costing around $93m apiece. http://webcache.googleusercontent.com/search?q=cache:F9BOeMBIie8J:www.tradewindsnews.com/weekly/360276/cardiff-marine-converts-bulker-newbuildings-into-mega-boxships+&cd=1&hl=en&ct=clnk&gl=uk

"Investment time has come" for offshore units While dip in international oil price has put a damper on overall development trend in oil & gas industry, an expert suggested that global energy majors are currently conducting selective investment and watching for an opportunity for M&A. http://www.komec.kr/eng/Board.asp?menucode=0503010000&mode=2&no=17507&page=192&hd=Marine

China Slashes Tax to Promote Green Vehicles, Ships China announced Monday that new energy cars and ships will be exempted from vehicle and vessel tax in a bid to save energy and combat pollution. Cars exempted include pure electric commercial cars, plug-in hybrid vehicles and fuel-cell commercial cars, according to a joint statement by the Ministry of Finance, State Administration of Taxation and the Ministry of Industry and Information Technology. In addition, vehicle and vessel tax will be halved for users of energy-saving cars and ships, said the statement. http://news.xinhuanet.com/english/2015-05/18/c_134249683.htm

Yangzijiang's share price has broken 1.5 barrier. Recently, Yangzijiang Shipbuilding reportedly engaged in talks to acquire China Huarong Energy, which was formerly known as China Rongsheng Yangzijiang executive chairman Ren Yuanlin said that the decision on the investment is expected to be confirmed by end-June, Reuters reported. "In the long run, China will still need to produce vessels and machinery related to the offshore industry." Yuanlin was quoted by the news agency as saying: "The government, banks and Rongsheng's major shareholder all hope we can be part of the deal, but whether or not we will get in depends on the asset price. "We are not interested in anyone else but Rongsheng." China Huarong Energy has recently expanded its operations into oil and gas development and production. Yuanlin said that this proposed deal will help the shipbuilder in terms of expanded capacity and assets, and also with the existing value-added offshore shipbuilding capabilities, IHS Maritime reported. He was further quoted as saying: "In the long run, China will still need to produce vessels and machinery related to the offshore industry. "RSHI has such capabilities and it will be beneficial to whomever acquires it." http://www.ship-technology.com/news/newsyangzijiang-shipbuilding-in-talks-to-acquire-china-huarong-energy-4566987

YZJ Le Tourneau Super Jackup rig will be completed in two months and be delivered by August this year.They have an option to build another with same contractor. Not all hope is lost for construction of offshore rigs due to oils price drop effects. Recently Lamprell was contracted to build another Le Tourneau Super 116E Jackup rig for NDC, this is their 9th Jackup of the same design for NDC. http://www.offshoreenergytoday.com/lamprell-wins-jack-up-rig-option-from-ndc/

Lower oil exacerbates rig downcycle – downgrade Keppel, SMM, SCI, Vard to Sell, while YZJ remains Neutral http://singaporestockmarketnews.blogspot.co.uk/2015/05/lower-oil-exacerbates-rig-downcycle.html https://37778a74-a-62cb3a1a-s-sites.googlegroups.com/site/researchreportz1/GoldmanSachs_MultiIndustry18052015.pdf?attachauth=ANoY7cqCzc5r6--P6COh8bU-DzejbQI1DHXP2N0XcWPsEFDHv-6f2s9q-3sAVF6P_lm55BRY5UTcEImsx5k_2pSqXz6JoII9NL_s8RR3sl7OHhp2RY-k6GTDkzSdCZ94UOxu7HCsNvIK-5O4756ME_QUw2zY9_JUls8kg0HvNu2SNUXHwsh1wFoEgQ5C00UWEIMOTXpRKfIDDkwRl9Tq1InbNjWrlYs0MocDqM2iAyOZgmdduwcY_OJUqHnbdBu8ABIwAlk2wy-r&attredirects=0

http://singaporetradinginsights.blogspot.co.uk/2015/05/yangzijiang-rising-back-to-150.html

Yangzijiang share price has hit 1.5, highest this year. http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/stockfacts?code=BS6

Yangzijiang Shipbuilding Wins USD 2.5 Billion Order from Seaspan From 18/May/2015 The order signed by Yangzijiang Shipbuilding to produce 10,000 TEU container vessels for Spain Seaspan has fully taken effect on May 27, 2015, with contractual value of over USD 2 billion. Based on the performance of Yangzijiang Shipbuilding, Seaspan has ordered additional six new vessels, which will take effect this August, lifting the total contractual value to over USD 2.5 billion. By far, the shipbuilder has delivered 13 10,000 TEU container vessels to the customer by far.

19 May 2015 Is Yangzijiang Shipbuilding Holdings Ltd A Threat To Keppel Corporation Limited? Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6) is, as its name suggests, mainly a ship-building company. In 2014, 89% of its revenue had come from its shipbuilding related activites. But, Yangzijiang has been slowly exploring new areas of growth with one of them being the offshore oil and gas sector. Will Yangzijiang’s search for new opportunities make it a threat to the mighty rig builder Keppel Corporation Limited (SGX: BN4) in the future? .... http://www.fool.sg/2015/05/19/is-yangzijiang-shipbuilding-holdings-ltd-a-threat-to-keppel-corporation-limited/

Sorry through this was current news in fact it is old new This Website has it listed on the top, but date is showing last year http://www.simic.net.cn/index_en.php

China Rongsheng completes move into energy sector http://www.simic.net.cn/news_show.php?lan=en&id=152362

Last month 30 April 2015 Singapore: The yard most widely tipped to take over financially troubled China Huarong Energy, formerly known as Rongsheng Heavy Industries, should make its decision by the end of June. Ren Yuanlin, chairman of Yangzijiang Shipbuilding, China’s number one yard by orderbook size, said at a results briefing today: “The government, banks, and Rongsheng’s major shareholder all hope we can be part of the deal, but whether or not we will get in depends on the asset price.” Ren, who has a 26% stake in Yanzijiang, added: “We are not interested in anyone else but Rongsheng.” http://splash247.com/we-are-not-interested-in-anyone-else-but-rongsheng-yangzijiang-boss/ China Rongsheng completes move into energy sector http://www.simic.net.cn/news_show.php?lan=en&id=152362

https://www.fool.sg/2015/05/19/is-yangzijiang-shipbuilding-holdings-ltd-a-threat-to-keppel-corporation-limited/

Revenue 2013 Interim: £2,359,000 --- 2013 Final: £5,849,000 2014 Interim: £3,228,000 --- 2014 Final: £7,941,000 2015 Interim: Alone expected to exceed £10,000,000+

Yangzijiang ready to build 400,000 dwt VLOCs http://www.hellenicshippingnews.com/yangzijiang-ready-to-build-400000-dwt-vlocs/

1 MAY 2015 Yangzijiang Shipbuilding in talks to acquire China Huarong Energy Chinese firm Yangzijiang Shipbuilding is reportedly engaged in talks to acquire China Huarong Energy, which was formerly known as China Rongsheng. Yangzijiang executive chairman Ren Yuanlin said that the decision on the investment is expected to be confirmed by end-June, Reuters reported. "In the long run, China will still need to produce vessels and machinery related to the offshore industry." Yuanlin was quoted by the news agency as saying: "The government, banks and Rongsheng's major shareholder all hope we can be part of the deal, but whether or not we will get in depends on the asset price. "We are not interested in anyone else but Rongsheng." China Huarong Energy has recently expanded its operations into oil and gas development and production. Yuanlin said that this proposed deal will help the shipbuilder in terms of expanded capacity and assets, and also with the existing value-added offshore shipbuilding capabilities, IHS Maritime reported. He was further quoted as saying: "In the long run, China will still need to produce vessels and machinery related to the offshore industry. "RSHI has such capabilities and it will be beneficial to whomever acquires it." Speaking at a post-earnings briefing in Singapore, Yuanlin also said that the country's shipbuilding industry would shrink significantly in the next three years since the number of active shipyards in China would be decreased to approximately 30 as shipping companies enter a period of consolidation. http://www.ship-technology.com/news/newsyangzijiang-shipbuilding-in-talks-to-acquire-china-huarong-energy-4566987

"Yangzijiang is reviewing a proposal made by China Development Bank, Bank of China and others to buy a stake in the shipbuilding and offshore engineering businesses that Huarong, previously called China Rongsheng Heavy Industries Group Holdings Co., is selling, Ren said." http://www.bloomberg.com/news/articles/2015-04-30/china-shipbuilding-industry-is-set-to-contract-yangzijiang-says