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SGX:8YZ

6 stories mentioning SGX:8YZUpdated 33d ago

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Asia

Yangzijiang Maritime's H1 Attributable Profit Slips 29%

Yangzijiang Maritime Development (SGX:8YZ) recorded a 29% decline in attributable profit in the first half of 2026 to $44.9 million from $63.5 million a year prior.Earnings per share stood at $0.0129 compared to $0.0183 a year earlier, according to a Tuesday Singapore bourse filing.The ship finance and leasing company's total income jumped 49% to $81.6 million in the six months from $54.6 million in the year-ago period.The higher income was mainly due to a rise in income from maritime fund assets, a turnaround to net fair value gains from net fair value losses, and the recognition of other income.

SGX:8YZ
Asia

Yangzijiang Maritime Development to Sell Four Newbuild Bulk Carriers

Yangzijiang Maritime Development (SGX:8YZ) has entered into agreements to sell four newbuild bulk carriers, of 40,000 DWT each, according to a Thursday filing to the Singapore stock exchange.The company's shares were up nearly 2% in Friday's trade.These vessels are scheduled for delivery between April 2027 and May 2028.The company also said the first of the four new medium-range tankers, which were contracted for sale in November 2025 for $180 million, was delivered on July 30. The next tanker of the lot is expected to be delivered in November, and the remaining two are expected to be delivered in 2027.With this, the group has entered into sale contracts to monetize a total of 12 newbuild vessels for an aggregate gross value of $500 million over nine months.These vessel sale transactions are expected to contribute positively to the group's financial performance over three financial years from 2026 to 2028.

SGX:8YZ
Asia

Yangzijiang Maritime Development Expands Fleet Portfolio; Shares Up 5%

Yangzijiang Maritime Development (SGX:8YZ) expanded its fleet portfolio with 10 additional newbuilds, according to a Monday filing with the Singapore Exchange.Shares of the ship leasing company were up nearly 5% in Tuesday trading.The fleet includes four new crude tankers, four oil/chemical tankers and two new bulk carriers, scheduled to be delivered in 2028 and 2029.Following the delivery, the company's total fleet will increase to 105 vessels and is expected to improve earnings visibility.

SGX:8YZ
Asia

Yangzijiang Maritime Development Sells Four Tankers; Shares Up 4%

Yangzijiang Maritime Development (SGX:8YZ) signed contracts for the sale of four tankers for an undisclosed amount, according to a Thursday filing with the Singapore Exchange.Shares of the ship finance and leasing company were up over 4% in Friday trading.The transactions involve four medium-range 49,800 deadweight tonnage tankers, slated for delivery in 2027 and 2028.Meanwhile, the company is also investing in eight very large crude carriers of around 319,000 deadweight tonnage, which are scheduled for delivery in 2028, 2029, and 2030.

SGX:8YZ
Asia

Singapore Shares Extend Gains Over US-Iran Peace Optimism; Mary Chia Slumps 12%

Singapore shares extended gains on Wednesday, tracking broader regional gains as investor confidence rose backed by the possibility of the US and Iran continuing their dialogue to end hostilities.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,010.14 and 5,038.13 throughout the day. It ended the session at 5,021.20, up 13.63 points or 0.3% compared to Tuesday's close.The US and Iran are seeking another round of talks in the coming days, with US president, Donald Trump, revealing that talks could resume "over the next two days" in Pakistan.On the corporate front, shares of Mary Chia (SGX:5OX) slumped nearly 12% at the close as its subsidiary, Organica International, initiated legal proceedings against Fullink Capital in the General Division of the Singapore High Court.Yangzijiang Maritime Development (SGX:8YZ) close nearly 5% higher as it secured lease agreements covering 13 vessels worth $89.8 million.Meanwhile, Fraser and Neave (SGX:F99) closed over 1% higher with the company outlining plans to invest up to NZ$20.1 million in the fundraising of Comvita (NZE:CVT), a provider of manuka honey and natural health products.

^STISGX:5OXSGX:8YZSGX:F99
Asia

Yangzijiang Maritime Development Secures Vessel Lease Agreements Worth Nearly $90 Million

Yangzijiang Maritime Development (SGX:8YZ) secured lease agreements covering 13 vessels worth $89.8 million, according to a Tuesday filing with the Singapore Exchange.Shares of the ship chartering and finance company were up over 2% in Wednesday trading.The lease periods range from one year to eight years. The deals are expected to provide recurring income to the company.

SGX:8YZ

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