On October 31, Yangzijiang Maritime and Jiangsu Haifeng Shipbuilding held a signing ceremony. The two parties finalized a contract for four 50,000 DWT MR tankers and also held a keel-laying ceremony for two 114,000 DWT tankers.
The partnership between Yangzijiang Maritime and Jiangsu Haifeng Shipbuilding began early this year. In January 2026, the two parties signed orders for 2+2 114,000 DWT oil tankers and 2+6 50,000 DWT oil tankers. In August, they concluded a contract for four 50,000 DWT and two 114,000 DWT oil tankers, followed by another contract in late September for the construction of 6+2 114,000 DWT oil tankers.
According to reports, Haifeng Shipbuilding covers an area of 1,548 mu and operates seven slipways. Following its restructuring in October 2025, the company has successively invested 1.3 billion yuan to transition toward intelligent and high-end manufacturing, with a focus on the construction of high-end oil and chemical tankers and offshore equipment. Currently, the company has commenced construction on four 50,000 DWT oil and chemical tankers and two 114,000 DWT oil and chemical tankers, with an annual output value reaching 2.5 billion yuan.
Yangzijiang Maritime is the third Singapore-listed entity under the Yangzijiang Shipbuilding Group, with Ren Yuanlin serving as Executive Chairman and CEO. The company positions itself as a bridge connecting shipyards, shipowners, charterers, and the capital market, offering one-stop maritime financial services. By identifying high-potential maritime projects, Yangzijiang Maritime acquires new vessels and related assets at low costs, subsequently generating returns through the sale or chartering of these vessels, as well as through capital management.
Based on an announcement by Yangzijiang Maritime on October 26, the company has signed a total of 18 contracts to resell newly built vessels over the past 10 months, raising $805 million—equivalent to approximately 5.37 billion yuan.