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Yangzijiang Financial Holding has launched an MR tanker newbuilding project at Jingjiang Nanyang Shipbuilding.
Newbuilding sources have placed the Singapore-listed company behind an order for four 50,000 dwt product carriers with delivery in 2026 and 2027.
The spinoff of China’s largest private shipyard, Yangzijiang Shipbuilding, has yet to confirm the deal brokers estimate at up to $45m per newbuild.
The shipping fund was separated from its shipbuilding and shipowning parent in 2022. The company has since invested in chemical and product tankers but also sealed partnerships with the likes of Hong Kong bulker owner and operator Cetus Maritime to invest in the handysize segment.
The post Yangzijiang Financial inks product tanker newbuilds appeared first on Energy News Beat.
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