In November 2025, Yangzijiang Maritime Development Ltd. (Yangzijiang Maritime), a subsidiary of Yangzijiang Shipbuilding, listed on the Main Board of the Singapore Exchange. Approximately two months after its listing, Yangzijiang Maritime demonstrated its commitment to accelerating the expansion of its maritime asset portfolio through a large-scale newbuilding investment plan.
On January 14, 2026, Yangzijiang Maritime announced that it had ordered 16 new vessels of three types (6 confirmed + 10 optional) from three Chinese shipyards, with a delivery period from 2027 to 2029. The vessels are bulk carriers, MR product tankers, and LR2 product tankers. This order was jointly placed by Yangzijiang Maritime and its co-investors.
Industry rumors suggest that the shipyards contracted to build this batch of new vessels include Jiangsu Haifeng Shipbuilding and Qidong Qianyao Heavy Industry.
Specifically, this order includes 2+2 40,000 DWT bulk carriers, scheduled for delivery between April 28, 2027, and May 28, 2028; 2+6 49,800 DWT MR product tankers, scheduled for delivery between November 15, 2027, and February 15, 2029; 2+2 LR2 114,000 DWT product tankers, scheduled for delivery between March 30, 2028, and September 26, 2029.
Notably, this order for up to 16 new vessels placed with three Chinese shipyards marks Yangzijiang Maritime’s first announced newbuilding program since its listing on the Main Board of the Singapore Exchange on November 18, 2025.
With the latest orders, Yangzijiang Maritime’s new vessel order portfolio has increased significantly to 50 vessels (including option vessels), including 34 confirmed new vessels under construction (including 6 newly added confirmed vessels); 14 vessels on the order book (including 10 newly added option vessels); and 2 new vessels already delivered.
Executive Chairman and CEO of Yangzijiang Maritime, Mr. Ren Yuanlin said, “Building on our extensive experience in the maritime industry, we have identified several emerging trends that are driven by evolving market demand, fleet renewal, and efficiency requirements. Our newbuilding orders will have integrated eco-features, aligning with IMO requirements while improving fuel efficiency and operational performance. By strategically investing in targeted segments and leveraging our strong balance sheet, we are well-positioned to grow sustainably with a focus on risk discipline, asset quality and long-term value creation.”
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 Holding during its strategic restructuring. On April 27, 2025, Yangzijiang Financial Holding announced the spin-off of its maritime investment business and its plan to list it on the stock exchange; on April 28, Yangzijiang Maritime was officially established in Singapore; on November 18, Yangzijiang Maritime was officially listed, becoming the third listed company under the Yangzijiang Shipbuilding Group.
Leveraging the shipbuilding background and industrial strengths of Yangzijiang Shipbuilding Group—China’s largest privately-owned shipbuilding enterprise—Yangzijiang Maritime will primarily focus on four areas: investment, financing, chartering, and agency and brokerage services.
The construction of 16 new vessels represents a strategic initiative by Yangzijiang Maritime to steadily expand its maritime investment portfolio and bolster its order backlog. By capitalizing on investment opportunities within the shipping cycle, the company aims to create sustainable value for its stakeholders.