MV One and Only is a 40,000 deadweight tonne (DWT) Handymax vessel that usually transports a wide range of cargoes including minor bulks and grain and coal on short-haul routes. They are said to be valued for their flexibility to operate at smaller ports with limited infrastructure.
The maritime fund of Yangzijiang Financial Holding (SGX:YF8
) has entered into a strategic joint venture (JV) with Singapore-based equity investment vehicle, Alpha Omega Marine, to acquire another high-quality, modern and eco-friendly dry bulk vessel.
The vessel, named MV One and Only, comes after the acquisition of MV As One on March 28.
