Yangzijiang Maritime orders four bulkers and seven LR2s at Chinese yards

Singapore-listed Yangzijiang Maritime Development has recently signed orders for an aggregate of 11 additional newbuild vessels to be constructed by various Chinese shipyards.

The latest orders comprise four bulk carriers of around 82,000-dwt each and seven long-range 2 (LR2) tankers of approximately 114,000-dwt each. The orders are scheduled to be delivered in 2029 and 2030.

The orders for the four bulk carriers also come with options for two additional similar bulk carrier newbuilds.

Following this addition, the group’s newbuilds portfolio will increase to a total of 111 vessel, including options, comprising of 7 newbuilds that have been delivered (including one vessel delivered to its buyer under a vessel sale contract), 86 firm newbuilds under construction (18 newbuilds were resold including one vessel delivered to its buyer under a vessel sale contract), and 18 optional newbuilds.

This story was originally published by Shipping Telegraph. Read the full story at Shipping Telegraph →