Yangzijiang Maritime Orders 24 Newbuild Vessels, Expands Portfolio to 98 Ships

Yangzijiang Maritime (SGX:8YZ) has ordered 24 newbuild vessels from Chinese shipyards, with deliveries scheduled between 2028 and 2030, according to a Friday filing with the Singapore Exchange.

The orders include bulk carriers, product oil and chemical tankers, and large oil tankers. The new vessels will be funded through a combination of equity co-investment and debt financing.

The company also signed options for an additional 16 vessels.

Including the new firm contracts and options, Yangzijiang Maritime's total newbuild pipeline increases to 98 vessels.

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