Yangzijiang Shipbuilding has secured a fresh round of newbuilding orders that will add nearly another $1bn to its orderbook.

The Singapore-listed shipbuilder said the latest contracts comprise 15 vessels with a total contract value of $970m.

The latest orders comprise six 15,000-teu and two 2,400-teu containerships, two 50,000-dwt MR tankers, three kamsarmax bulkers and two 31,800-dwt Great Lakes bulkers.