Yangzijiang Maritime Development Ltd. has announced the signing of contracts to sell four new medium-range tankers for a total of US$180m. Additionally, the company has entered into letters of intent for joint ventures to construct eight new vessels, including four medium-range tankers and four bulk carriers. These developments are part of Yangzijiang Maritime’s strategy to optimise its fleet and capitalise on opportunities in the global maritime industry.
The contracts for the sale of the tankers, each with a deadweight tonnage (DWT) of 49,800, have been signed with a shipowner based in the Marshall Islands. These vessels are currently under construction at a Chinese shipyard and are expected to be delivered between 2026 and 2027.
In a parallel move, Yangzijiang Maritime has signed letters of intent to establish joint ventures for building four additional medium-range tankers with a European shipowner and four bulk carriers with a Singapore-based shipowner. These vessels will also be constructed at Chinese shipyards, with delivery anticipated between 2027 and 2028. The company will hold majority equity interests in these joint ventures, aligning with its portfolio diversification strategy.
Ren Yuanlin, Executive Chairman and CEO of Yangzijiang Maritime, stated, “These transactions mark important progress in Yangzijiang Maritime’s strategic journey as a one-stop maritime financial solutions provider.”
Yangzijiang Maritime is set to commence trading on the Main Board of the Singapore Exchange on 18 November 2025, following its spin-off from Yangzijiang Financial Holding Ltd. This move is expected to further strengthen the company’s position in the maritime financial solutions sector.
