On November 18, Yangzijiang Shipbuilding Group Co., Ltd. (Yangzijiang Shipbuilding Group) subsidiary Yangzijiang Maritime Development Ltd. (Yangzijiang Maritime) listed on the Main Board of the Singapore Exchange (SGX), becoming the third listed company under Yangzijiang Shipbuilding Group.
Yangzijiang Maritime’s stock ticker is YZJ MARITIME; its stock code is 8YZ. The opening price on its first trading day was S$0.66, with an estimated market capitalization of approximately S$2.093 billion (equivalent to US$1.607 billion) following its listing.
Yangzijiang Shipbuilding Group now owns three listed companies: Yangzijiang Shipbuilding (Holdings) Co., Ltd., (Yangzijiang Shipbuilding) which went public in April 2007; Yangzijiang Financial Holding Ltd. (Yangzijiang Financial), which listed in April 2022; and Yangzijiang Maritime, which has just completed its listing.
Regarding the listing, Ren Yuanlin, Executive Chairman and CEO of Yangzijiang Maritime, stated, “The successful listing of Yangzijiang Maritime on the Singapore Stock Exchange marks another significant milestone in the Group’s development, demonstrating its unwavering commitment to building a globally competitive enterprise. With the evolving global trade landscape and the maritime industry’s transformation towards sustainable development and innovation, the Group believes that Yangzijiang Maritime holds tremendous growth opportunities. This listing validates the Group’s foresight regarding the potential of the shipping platform, and the Group will continue to create long-term value, committed to achieving sustainable transformation and growth.”
Pol de Win, Head of Global Sales and Business Development at SGX, stated: “Since its initial listing on the Singapore Exchange in 2007, Yangzijiang Shipbuilding Group has grown into one of China’s largest privately-owned shipbuilders and a pioneer in cross-border listings. In 2022, Yangzijiang Financial, spun off from the shipbuilding business, also successfully listed on the Singapore Exchange. As Singapore strengthens its position as an international maritime hub, this listing will deepen the Yangzijiang Shipbuilding Group ecosystem, opening up new opportunities for both the company and investors.”
Notably, on the day before Yangzijiang Maritime’s listing (the 17th), the company sold four vessels for $180 million and signed a letter of intent with a joint venture for the construction of eight new vessels of two types, including four medium-sized tankers and four bulk carriers.
Ren Yuanlin stated: “These transactions mark significant progress in Yangzijiang Maritime’s strategic development as a one-stop maritime solutions provider. The company will focus on optimizing its fleet size through disciplined capital operations.”
Yangzijiang Maritime, registered in Singapore, is an investment company focused on the shipping sector. Its core businesses encompass shipping asset investment, ship financing, and related services. The company invests in vessels through joint ventures and leasing models for leasing and sale, while also providing financing solutions such as sale-leaseback, pre-delivery loans, and secured loans. Its business portfolio also includes ship brokerage and agency services, leveraging a deep industry network to support shipbuilders and operators worldwide.
Yangzijiang Maritime is a business segment spun off from Yangzijiang Financial during its strategic restructuring. On April 27 this year, Yangzijiang Financial announced the spin-off of its maritime investment business with plans for an initial public offering. On April 28, Yangzijiang Maritime was formally established in Singapore. From the spin-off to the establishment of the new company and its listing, the entire process was completed in just seven months.
Through this demerger, both companies will operate as independent platforms listed on the SGX Main Board, each focusing on distinct strategic priorities and capital deployment. Yangzijiang Financial will continue to strengthen its capabilities in investment, wealth management, and fund management; while Yangzijiang Maritime, as a pure-play maritime investment platform, will leverage its proprietary project pipeline and global network to capture investment opportunities within the shipping cycle, creating sustainable value for stakeholders.
Currently, Yangzijiang Maritime owns 84 vessels of various types (including vessels under construction), with a total investment of over US$1 billion. Among them, there are 69 vessels in which it has invested or financed; 4 vessels under lease; and 11 vessels under agency. It is committed to pursuing a professional, differentiated, and international approach, and continuously enhancing its influence and brand value in the global maritime finance market.