Mainboard-listed Yangzijiang Maritime announced on Jan 14 that it has placed six confirmed orders for newbuild vessels with an option for another 10 vessels with three Chinese shipyards.
Should all 10 options be exercised, the company’s fleet will increase to as many as 50.
The 16 vessels comprise four (two firm and two optional) bulk carriers of around 40,000 deadweight tonnage (DWT) each scheduled for delivery between 28 April 2027 to 28 May 2028; eight (two firm and six optional) mid-range product tankers of approximately 49,800 DWT each scheduled for delivery between 15 November 2027 to 15 February 2029; and four (two firm and two optional) long-range 2 (LR2) tankers of approximately 114,000 DWT each scheduled for delivery between 30 March 2028 to 26 September 2029.
Executive Chairman and CEO Ren Yuanlin says that its newbuild orders will integrate eco-features that align with International Maritime Organisation requirements as well as enhancing fuel efficiency and operational performance.
“By strategically investing in targeted segments and leveraging our strong balance sheet, we are well-positioned to grow sustainably with a focus on risk discipline, asset quality and long-term value creation.”
Shares in the company closed at 61.5 cents, one cent or 1.6% lower, on Jan 14.
