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Yangzijiang Maritime to sell 4 tankers while adding another 8 newbuilds

Lin Daoyi
Lin Daoyi • 2 min read
Yangzijiang Maritime to sell 4 tankers while adding another 8 newbuilds
Executive chairman Ren Yuanlin: We continue to see attractive opportunities across the maritime value chain, supported by favourable industry dynamics and structural tailwinds. Photo: Albert Chua/ The Edge Singapore
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In a bourse filing on April 16, Yangzijiang (YZJ) Maritime Development shares that it has signed contracts for the sale of four new medium-range (MR) tankers of 49,000 deadweight tonnage (DWT) each.

Slated for delivery in 2027 and 2028, the four MR tankers are expected to contribute positively to the maritime investment firm’s financial performance, subject to completion, delivery schedules and applicable accounting recognition and barring unforeseen circumstances, according to the company.

YZJ Maritime adds that the sales highlight its ability to create and deliver value across the maritime value chain as well as generating “healthy” capital gains through “disciplined” vessel monetisation.

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