Jiangsu Dajin Heavy Industry, a wholly-owned subsidiary of Bestway Marine (300008.SZ), has signed fresh shipbuilding contracts for two platform supply vessels and one large bulk carrier, according to a guarantee announcement released on July 9.

The yard secured a contract with Malaysian owner Nam Cheong Dockyard Sdn. Bhd. for two 4,000-dwt PSVs (79.2 meters each), with a performance guarantee of US$22.66 million (approx. RMB 154 million). Domestically, Dajin signed with Xin Qihang Seven (Tianjin) Ship Leasing for one 40,400-dwt bulker (hull DJHC6409), backed by a US$20.44 million guarantee (approx. RMB 139 million). The combined guarantee amount for the two projects exceeds RMB 293 million.

These orders add to a series of recent wins: earlier this month, Dutch shipping giant Royal Wagenborg and UK-based Carisbrooke Shipping placed an order for 8+2 ice-class multi-purpose vessels; in late June, Turkish EOS Group ordered four bulkers; and in early May, Dajin secured three Ultramax bulkers and two tug/supply vessels.

To support production, Bestway Marine is also providing a RMB 400 million comprehensive credit guarantee to Dajin through Hengfeng Bank, covering working capital, letters of credit, and other facilities, ensuring sufficient liquidity for ongoing and upcoming projects.