In addition, Yangzijiang Maritime has signed letters of intent (LOIs) for joint ventures to build eight vessels comprising four new medium range tankers (49,800 DWT) and four new bulk carriers (40,000 DWT). The four new medium range tankers were signed with a European shipowner while the bulk carriers were signed with a Singapore-based shipowner.
Yangzijiang Maritime Development has signed contracts for the sale of four new medium range tankers (49,800 DWT) for US$180 million ($234.5 million). The contracts, signed with a Marshall Islands-based shipowner, is part of the maritime financial solutions provider’s ongoing portfolio optimisation strategy to unlock value of its maritime investment portfolio.
The tankers are being built at a Chinese shipyard and are scheduled to be delivered between 2026 and 2027.
