Yangzijiang Shipbuilding (Holdings) Ltd. announced that it has entered into an agreement with SITC International Holdings Co. Ltd. for the building and delivery of twelve 1,800TEU containerships. Out of the orders for the twelve vessels, six are firm orders worth USD 126 million in total. These are accompanied by six option orders for identical vessels, to be exercised in three stages, two options each. If all exercised, this batch of orders will be worth USD 252 million in total. The six firm orders will be delivered between second quarter 2022 and first quarter 2023. Further to the new order update in the Group's financial announcement for the first half of year 2020 on 5 August, the Group has also secured orders for two 82,000DWT dry bulkers. With these latest order wins, year to date in 2020, the Group has secured new orders for 23 vessels worth approximately USD 700 million (not considering the value of the option orders).