RT Star is a 26,199-DWT stainless steel chemical and product tanker that transports International Maritime Organization (IMO) 2 cargoes. DWT stands for deadweight tonnage. The fund co-owns the vessel together with a Shanghai-based tanker specialist owner/operator.
Yangzijiang Financial Holding, on July 20, announced that Yangzijiang Maritime Private Equity Fund #2, the sub-fund managed by the group’s wholly-owned subsidiary, GEM Asset Management, has invested in two chemical and product tanker projects.
The two chemical and product tankers are RT Star and OM Shanghai. RT Star has a subscribed investment amount of US$19.5 million ($25.8 million) while OM Shanghai has a subscribed investment amount of US$12.64 million.
