Yangzijiang Shipbuilding (Holdings) Ltd. announced that it has recently secured agreements for the building and delivery of ten (10) units of dual-fuel 7,000TEU containerships and two (2) units of 50,000DWT MR tankers for a total contract value of USD 1.08 billion in July, after it recently announced largest order wins and record-high outstanding orderbook in June. In addition, the Group also signed a letter of intent (`LOI') for another five (5) units of dual-fuel 7,000TEU containerships in July and is expected to turn effective in August 2021. Orders for fifteen (15) units of dual-fuel 7,000TEU containerships (including the abovementioned 5 units) were placed by Seaspan Corporation (`Seaspan'), Yangzijiang's repeat customer and will be progressively delivered between 2023 to 2024. The dual-fuel containerships will be fitted with Type `B' LNG Fuel Tank, and Yangzijiang had participated in the design of the LNG fuel storage, supply system and LNG tanks as part of its research and development (`R&D') efforts. These orders being first-of-its- kind, marks a huge accomplishment for Yangzijiang and is a clear representation of the shipowner's recognition in the capabilities and technology towards the LNG tanks jointly designed by the Group. Yangzijiang's clinching of the orders for these dual-fuel containerships also signified the end of a monopoly for LNG dual-fuel engine vessels previously dominated largely by the Korean shipyards. This has allowed the Group to further strengthen its foothold in the LNG market and will lay out a strong foundation for further growth and expansion.