Singapore, Jan 10, 2026, 15:16 SGT — Market closed
Yangzijiang Shipbuilding (Holdings) Ltd closed up 0.3% on Friday at S$3.62, after trading between S$3.57 and S$3.67, with about 8.8 million shares changing hands. The stock is near the top of its 52-week range of S$1.80 to S$3.68. (Yahoo Finance)
With Singapore shut for the weekend, traders are lining up the next drivers: shipowners’ appetite for new vessels and the policy overhang on China-linked shipping. A report cited by the South China Morning Post said Washington’s proposed port fees on vessels owned, operated or built in China has already unsettled ordering decisions. (South China Morning Post)
A Clarksons Research shipping market review released on Friday pointed to a softer order backdrop: global newbuild ordering (orders for newly built ships) fell 27% in 2025, while China still took 63% of orders, it said. Steve Gordon, global head of Clarksons Research, wrote that shipping markets saw a “strong second-half earnings environment”; the review also flagged compensated gross tonnage (CGT), a shipbuilding measure that adjusts size for complexity, as shipyard output rose. (Cyprus Shipping News)
The wider tape was steady. Singapore stocks ended slightly higher on Friday, with the Straits Times Index up 0.1%, while Wall Street’s main indexes hit fresh highs after a mixed U.S. jobs report. (The Straits Times)
Investors have also leaned on Yangzijiang’s backlog and its tilt toward lower-emissions designs. In a November business update, the company said its outstanding order book stood at about $22.8 billion, with “green vessels” making up 71% by value; executive chairman and CEO Ren Letian cited “greater clarity” in the macro outlook helping customer sentiment. (The Business Times)
The stock is up about 4.9% since Jan. 2, based on closing prices, leaving it priced for little slippage in orders or margins. Near-term chart levels sit around Friday’s S$3.67 intraday high and the 52-week peak near S$3.68, with support around S$3.57. (Investing)
The next company marker is results. Investing.com lists Yangzijiang’s next earnings report date as March 4, and investors will be listening for any read-through on 2026 order wins, delivery schedules and margins after a run of strong profitability. (Investing)
The downside case is straightforward: weaker ordering, or delayed contracts, as shipowners weigh trade and regulatory risk. Industry data published on Friday showed China’s share of global new orders slipped in 2025 even as overall ordering fell, a mix that can turn into tougher price talks if the market slows again. (SteelOrbis)
Before Monday’s open, attention turns back to rates and the dollar, with U.S. consumer inflation due on Jan. 13. Any sharp move in yields tends to feed into ship financing costs and risk appetite, and that often sets the tone for shipbuilding names in Asia. (Bls)
