Yangzijiang wins appeal setback in arbitration case

High Court upholds earlier arbitration awards.

Yangzijiang Shipbuilding said the English High Court has dismissed an appeal in its arbitration case and refused the claimants permission to appeal further, leaving the arbitration awards in place.

The Singapore-listed shipbuilder said the filing updates arbitration proceedings it previously disclosed in announcements dated 12 October 2024, 3 March 2025, and 11 June 2025.

The dispute covered 10 vessel contracts worth about $1.12b, with a London tribunal dismissing most of the broader damages claims and allowing only a potential $4.47m refund, equivalent to US$3.32m, plus possible interest under two shipbuilding contracts.

That report also said that the tribunal had, at that stage, reserved jurisdiction for further rulings and that Yangzijiang did not expect the matter to have a material impact on its financial position for the year ending 31 December 2025.

The latest company statement indicates the awards challenged in court have now been upheld.

Yangzijiang advised shareholders to exercise caution when dealing in its securities and said investors should consult professional advisers if in doubt.

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