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Yangzijiang cuts 2026 order target by a quarter despite $22bn backlog

  • YZJ cut its new orders target to $4.5bn despite resilient global ordering
  • The reset follows record 2025 earnings but weak $2.5bn order intake, as trade uncertainty stalled contracting
  • Global demand remains firm, with January orders up 27% and prices near-record highs

Despite record profits and a swelling orderbook, Yangzijiang is prioritising discipline and slot management over volume, cutting its 2026 order target even as global ordering remains strong

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