Yangzijiang Maritime Orders 24 New Ships and Retains Options for 16 More

en.Wedoany.com Reported - On September 18, Yangzijiang Maritime disclosed a new round of ship investment plans, having ordered 24 new ships and retained options for another 16 vessels. The 24 firm orders will be built by multiple Chinese shipyards and are scheduled for delivery between 2028 and 2030. The company stated that the newbuilding projects will be funded through a combination of equity co-investment and debt financing; if all 16 options are subsequently exercised, the company's newbuilding investment portfolio will expand to 98 vessels.

The 24 orders cover five ship types, including 6 64,500 DWT bulk carriers, 6 49,800 DWT product oil and chemical tankers, 4 28,000 DWT stainless steel chemical tankers, 4 29,000 DWT stainless steel chemical tankers, and 4 319,000 DWT very large crude carriers. The orders are not concentrated in a single market but simultaneously cover four major categories of maritime assets: dry bulk, product oil, chemical transport, and very large crude oil transport.

Among them, the 8 28,000–29,000 DWT vessels are stainless steel chemical tankers, which differ from ordinary product tankers in cargo tank materials and transport purposes; the 4 319,000 DWT vessels are VLCC-class crude oil tankers. The company has not yet disclosed which Chinese shipyard corresponds to each ship type, nor has it announced the per-vessel construction cost, the total contract value, or the specific ship type allocation of the 16 options. Therefore, the above information cannot currently be further broken down to the individual shipyard or individual contract level.

Judging from the current progress of ship investment, Yangzijiang Maritime has previously continued to expand its newbuilding asset portfolio. As of this announcement, the company has had 7 new ships delivered, 1 of which has been delivered to the buyer under a ship sale contract. With the addition of the 24 firm orders, newbuilding investment will continue to concentrate toward the 2028–2030 delivery period; if the options are subsequently converted into formal contracts, the company will also add another batch of construction tasks.