Yangzijiang Shipbuilding shares slide 5% as Maersk warning jolts shipping-linked stocks
Yangzijiang Shipbuilding shares fell about 5% to S$3.20 by Friday afternoon in Singapore, erasing over S$700 million in market value. The drop followed Maersk’s warning that lower freight rates and increased ship supply could hit earnings through 2026. Investors shifted focus to shipping-rate trends and Yangzijiang’s earnings due in March. Broader Singapore and Asian markets also declined.