Yangzijiang Shipbuilding (Holdings) says the group has entered into 15 shipbuilding contracts between Sept 1 and Dec 31 2010 with a total contract value of US$415.30 million ($536.4 million).

The new contracts secured comprise three 47,500 dwt bulk carriers, four 49,500 dwt bulk carriers, two 7,600 dwt bulk carriers and six 82,500 dwt bulk carriers.

The vessels secured in the contracts will be scheduled accordingly for deliveries from year 2011 to 2013 and therefore will not have any significant impact on the earnings of the group for the financial year ended 31 December 2010.