The vessels will be financed through a mix of equity co-investments and debt, in line with its established capital deployment framework. Deliveries of these vessels are scheduled from 2027 to 2029.
Ho Pei Hwa of DBS Group Research has reiterated her "buy" call and 88 cents target price for Yangzijiang Maritime Development, following news that the company is expanding its fleet with a recent new order.
On April 27, the company announced it has signed orders for ten new eco-compliant vessels, including tankers and bulk carriers. The vessels, to be built by third-party Chinese yards, can run via methanol.
