Yangzijiang Shipbuilding (SGX:BS6) secured orders worth $290 million so far in 2025, according to a company filing with the Singapore Exchange on Thursday.

The amount represents about 5% of the company's 2025 target. The global economic uncertainty and heightened trade tensions have prompted shipowners to adopt a "wait-and-see" approach, the company said.

In 2024, the company had achieved orders worth $14.6 billion through 126 vessels.

Shares of the shipbuilder slumped nearly 6% in recent trading.