en.Wedoany.com Reported - Recently, China Yangzijiang Maritime placed an additional order for two 50,000 DWT MR product oil tankers at Qidong Qianyao Heavy Industry, bringing the total confirmed orders under their cooperation to 12 vessels, marking a benchmark case of deep synergy between small and medium-sized shipyards and specialized maritime financial platforms.

At the signing ceremony held on the same day, Zhou Weibing, Chairman of Qidong Qianyao Heavy Industry, and Ren Yuanlin, Executive Chairman and CEO of Yangzijiang Maritime, jointly attended to witness the execution of the construction agreement for two MR product oil tankers.

This new order represents the formal exercise of options included in the major order for eight new vessels signed between the two parties in April this year. The cooperation matrix is now finalized: a total of six 50,000 DWT MR product oil tankers and six 40,000 DWT bulk carriers, with all new vessels scheduled for phased delivery between 2027 and 2028.

Founded in March 2024 with a registered capital of 30 million yuan, Qianyao Heavy Industry initially focused on hull block processing and supporting labor services. The series of orders from Yangzijiang Maritime represents the shipyard's first complete vessel construction projects since its establishment, facilitating a transformative leap from block subcontracting to full ship manufacturing. The pace of cooperation between the two parties has accelerated steadily since early 2026, with order volumes expanding month by month.

In January this year, Yangzijiang Maritime announced the finalization of a 2+2 order for 40,000 DWT bulk carriers, with a unit price of $29 million per vessel and delivery windows locked between April 2027 and May 2028. These bulk carriers have a length of 179.95 meters and a design speed of 13.98 knots, suitable for global handy-sized dry bulk trade routes.

In February, construction began on the first 40,000 DWT bulk carrier. The shipyard's standardized production and meticulous project management earned recognition from the shipowner, leading to an additional order of 2+4 vessels of the same type.

On April 22, the two parties held a centralized signing ceremony, finalizing eight new vessels in one go, including 4+2 50,000 DWT MR product oil tankers and two 40,000 DWT bulk carriers. This dual-track layout of oil tankers and bulk carriers optimizes the shipyard's product mix and balances market cycle fluctuation risks.

On June 30, the options for two 50,000 DWT MR oil tankers were formally exercised, bringing the total confirmed orders for the year to 12 vessels. All of Qianyao Heavy Industry's order book now comes from Yangzijiang Maritime, providing medium- to long-term stability for production scheduling.

Yangzijiang Maritime was spun off from Yangzijiang Financial Holding and listed on the Mainboard of the Singapore Exchange on November 18, 2025. It is the third listed platform under the Yangzijiang Shipbuilding Group, positioning itself as a one-stop maritime financial investment service provider, with business covering ship investment, finance leasing, sale-and-leaseback, ship brokerage, and pre-delivery financing.

Leveraging Singapore's strategic advantages as an international shipping and financial hub, Yangzijiang Maritime generates stable returns through bulk reservation of berths at Chinese domestic shipyards, low-cost shipbuilding, and vessel chartering or resale. In addition to the 12 medium-sized vessel orders at Qianyao Heavy Industry, Yangzijiang Maritime has made substantial investments in large-capacity tonnage this year, ordering 12 VLCC ultra-large crude carriers at Jiangsu Hantong Ship Heavy Industry, with a total investment of nearly $1.5 billion. It has also placed orders for 114,000 DWT oil tankers and a series of MR product oil tankers. All new vessels are being built at Chinese domestic private shipyards, continuously reinforcing China's shipbuilding capacity.

Looking at the global shipping market, the scrapping of aging vessels and environmental regulations are driving fleet renewal, with sustained demand for 40,000 DWT bulk carriers and 50,000 DWT MR product oil tankers. Chinese domestic private shipyards are poised for broad development opportunities. In the long term, Yangzijiang Maritime will continue to focus on high-value-added green vessel types, such as eco-friendly bulk carriers and methanol-ready MR product oil tankers, while expanding long-term strategic partnerships with premier global maritime investment platforms, leveraging stable construction performance to support the upgrading of China's commercial shipbuilding industry.