On April 27, Yangzijiang Maritime Development Ltd. (“Yangzijiang Maritime” or the “Company”, and together with its subsidiaries, the “Group”), a one-stop maritime financial solutions provider, announced that the Group has recently signed contracts for an aggregate of 10 newbuilds to be constructed by independent third-party Chinese shipyards with deliveries scheduled from 2027 to 2029.
The 10 new buildings are as follows:
- 4 Product/Crude Tanker newbuilds (approx. 114,000 DWT each) with deliveries scheduled in 2028 and 2029.
- 4 Product Oil/Chemical Tanker newbuilds (approx. 49,800 DWT each) with deliveries scheduled in 2027 and 2028.
- 2 Bulk Carrier newbuilds (approx. 40,000 DWT each) with deliveries scheduled in 2028.
These newbuilds will be funded through a combination of equity co-investment and debt financing.
Following this addition, the Group’s total fleet will increase to 105 vessels, including 53 newbuildings currently under construction, further enhancing its fleet composition to improve earnings visibility and drive future growth.
The 10 newbuilds will be constructed in accordance with IACS classification standards, high technical and environmental standards, as well as being equipped with comprehensive eco-notation features, underscoring the Group’s commitment to sustainability, operational efficiency, and regulatory compliance.
Executive Chairman and CEO of Yangzijiang Maritime, Mr. Ren Yuanlin, said: “The addition of these 10 newbuilds underscores our disciplined approach to fleet investment, focusing on proven, eco-compliant designs from established shipyards at competitive contract prices. This latest commitment reflects the Group’s continued confidence in the maritime sector and reinforces our strategic focus on developing a modern, efficient, and environmentally responsible fleet. The eco-design features, including EEDI Phase 3 compliance and methanol fuel readiness for the 49,800 DWT type, position the vessels favourably for a market increasingly shaped by environmental regulation. In line with our capital-cycling model, we will evaluate leasing, chartering, and selective pre-delivery resale opportunities to optimise returns for our shareholders.”
On April 16, Yangzijiang Maritime posted an announcement stating that the company would invest in the construction of eight 319,000 DWT Very Large Crude Carriers (VLCCs) at Chinese shipyards, with delivery expected between 2028 and 2030. Funding for the project will be raised through a combination of joint equity investment and debt financing.
This batch of VLCCs has been designed and constructed in accordance with the latest energy efficiency standards. Featuring an optimized hull design, they are equipped with electronically controlled main engines and various energy-saving devices. Their Energy Efficiency Design Index (EEDI) will meet and exceed the requirements of the International Maritime Organization (IMO) Phase 3.
In addition to newbuilding projects, Yangzijiang Maritime announced that it has signed a sales agreement for four new 49,800 DWT MR product tankers, which are expected to be delivered between 2027 and 2028.
About Yangzijiang Maritime Development Ltd.
Positioned as a strategic hub bridging together shipyards, shipowners, charterers and capital markets, Yangzijiang Maritime Development Ltd (“Yangzijiang Maritime” or the “Company”, and together with its subsidiaries, the “Group”) is a one-stop maritime financial solutions provider. The principal business of the Group comprises the (a) Maritime Business, (b) Cash Management and (c) Other Non-Maritime Investments.