Yangzijiang Maritime Development Expands Fleet with New Orders
Yangzijiang Maritime Development has announced a significant expansion of its fleet, placing newbuilding orders for six vessels with options for an additional ten. This strategic move aims to enhance the company’s maritime investment platform. The Singapore-listed firm, in collaboration with co-investors, has diversified its orders to include bulk carriers and tankers across three different segments, with construction spread across three Chinese shipyards. If all options are exercised, this initiative could increase the company’s newbuilding pipeline to a total of 50 vessels.
The current firm contracts consist of two handysize bulk carriers, each with a deadweight tonnage (dwt) of approximately 40,000, two medium-range (MR) product tankers with a dwt of around 49,800, and two long-range 2 (LR2) tankers, each about 114,000 dwt. The delivery schedule for these vessels is staggered, with the bulk carriers expected between April 2027 and May 2028. The MR tankers are set to be delivered from November 2027 through February 2029, while the LR2 tankers will follow between March 2028 and September 2029.
Strategic Focus on Fleet Renewal and Eco-Design
In addition to the six firm orders, Yangzijiang Maritime has secured options for ten more vessels, which include two additional bulk carriers, six MR tankers, and two LR2s. This expansion brings the company’s newbuilding portfolio to a total of 34 firm ships currently under construction, alongside two vessels already delivered and 14 optional newbuildings.
The company recently listed on the Singapore Exchange (SGX) mainboard in November after spinning off from Yangzijiang Financial Holdings. Founder Ren Yuanlin, who has been instrumental in the development of Yangzijiang Shipbuilding, emphasized that the investment strategy is centered on fleet renewal and meeting efficiency-driven demand. He stated that the new vessels will incorporate integrated eco-designs that comply with International Maritime Organization (IMO) requirements, enhancing fuel efficiency and overall operational performance.
Ren further highlighted that the company’s targeted investments, supported by a robust balance sheet, will enable Yangzijiang Maritime to focus on asset quality, risk management, and long-term value creation. This strategic approach positions the company to adapt to the evolving maritime landscape while ensuring sustainable growth in the years to come.
