Yangzijiang Maritime Development Ltd. has announced the successful securing of leasing agreements for 13 vessels, including 12 oil, chemical, and product tankers, and one anchor handling tug supply (AHTS) vessel. These agreements, with durations ranging from one to eight years, collectively amount to a contract value of US$89.8m. This strategic move is expected to bolster the company’s financial performance over the lease periods.
The company, known for its distinctive structural cost advantages and deep shipbuilding expertise, aims to optimise investment returns through disciplined asset selection and prudent credit risk management. The leasing agreements are anticipated to generate recurring income, contributing positively to the Group’s financial results, provided no unforeseen circumstances arise.
Yangzijiang Maritime’s robust business model is supported by its extensive international maritime network, allowing it to capitalise on favourable maritime market conditions. The company leverages strategic connections with Chinese shipyards to secure newbuild slots at discounted prices, enabling it to procure vessels up to 20% below prevailing market rates.
Ren Yuanlin, Executive Chairman and CEO of Yangzijiang Maritime, highlighted the resilient outlook for the maritime industry, driven by structural shifts in trade dynamics and geopolitical tensions. He noted, “The contraction in constrained shipyard capacity and sustained demand from global trade flows have necessitated a vital fleet renewal cycle.”
With a growing fleet of 85 vessels, including newbuilding orders, Yangzijiang Maritime is well-positioned to seize opportunities in the global maritime industry, supported by a strong financial position and a net cash reserve of US$400.4m as of 31 December 2025.
