As a newly listed shipbuilder, more details have emerged about Yangzijiang Maritime Development Co., Ltd.’s newbuilding plans. Maersk Tankers and Singapore’s Alpha Omega are participating in Yangzijiang Maritime’s joint venture shipbuilding projects in China.
On November 17, Yangzijiang Maritime announced the signing of a letter of intent with joint ventures for the construction of eight new vessels of two types, including four medium-sized oil tankers and four bulk carriers. Details of the joint venture partners were not disclosed at the time, with the company only stating that all vessels would be built by Chinese shipyards and that it held majority stakes in both joint ventures.
According to multiple shipbrokers, four 40,000 DWT bulk carriers have been ordered by a joint venture established between Yangzijiang Shipbuilding and Alpha Omega, with delivery expected between 2027 and 2028. Alpha Omega is an equity investment firm led by prominent Greek shipping figures Vasileios Pateras and Thanos Pasialis, currently holding two bulk carriers in its portfolio.
Four 49,800 DWT MR product tankers have been ordered by a joint venture between Yangzijiang Maritime and Maersk Tankers, with delivery expected between 2027 and 2028. Maersk Tankers currently manages approximately 240 vessels. The company last placed a shipbuilding order in 2024 for 10 VLACs to be built by HD Hyundai Samho.
One day after the shipbuilding plan was announced (November 18), Yangzijiang Maritime officially listed on the main board of the Singapore Exchange (SGX), becoming the third listed company under the Jiangsu Yangzijiang Shipbuilding Group. Its estimated market capitalization stands at approximately S$2.093 billion.
Yangzijiang Maritime, led by Ren Yuanlin, leverages the shipbuilding background and industrial advantages of Yangzijiang Shipbuilding Group. The company will primarily focus on four areas: investment, financing, chartering, agency, and intermediary services. Currently, it owns 84 vessels of various types (including those under construction) with a total investment exceeding US$1 billion.
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.
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.
As China’s largest private shipbuilding company, Yangzijiang Shipbuilding Group had an order backlog of 8.77 million compensated gross tons (245 vessels) and an order value of US$22.83 billion as of September 30, 2025, with delivery dates scheduled until 2030. Clean energy vessels accounted for approximately 71% of the orders. New orders for 50 vessels, valued at US$2.17 billion, were signed, including 38 container ships, 10 bulk carriers, and 2 gas carriers. 46 vessels were delivered, achieving approximately 82% of the annual delivery target of 56 vessels, including 16 container ships, 6 bulk carriers, 3 gas carriers, and 21 oil/chemical tankers.