Yangzijiang Maritime piles into product tankers with six-ship order

Source:Splash247.com
2026.08.19
8

Singapore-listed Yangzijiang Maritime Development has returned to Jiangsu Haifeng Shipbuilding for six more product tanker newbuildings in a deal shipbuilding sources put at more than $320m.

The Ren Yuanlin-led company has been linked to four 50,000 dwt MR tankers and two 115,000 dwt LR2s. Broker reports put the LR2 deliveries in 2028 and 2029, with the MR quartet scheduled through to 2030. Chinese shipbuilding sources broadly place the six-ship delivery programme in 2028 and 2029.

No contract price has been disclosed. Current market benchmarks cited by Chinese shipbuilding sources put a 47,000-51,000 dwt MR at about $52m and a 113,000-115,000 dwt LR2 at around $78.5m.

The latest package takes Yangzijiang Maritime’s reported tanker programme at Haifeng to 14 ships. The company had already been linked to four MRs and four LR2s at the yard for delivery from late 2027 through the first quarter of 2029.

The fresh orders come days after Yangzijiang Maritime sold four 40,000 dwt bulker newbuilds scheduled for delivery between April 2027 and May 2028. Splash reported that the deal took the company’s contracted newbuilding sales to $500m across 12 ships in nine months.

Yangzijiang Maritime has been rapidly cycling capital between new orders and vessel resales since listing in Singapore last November. The company’s maritime portfolio stood at more than 120 ships at the end of June, including more than 60 newbuildings.

Haifeng is one of the lower-profile Chinese yards Yangzijiang Maritime has tapped as part of that strategy. The company has said its model targets second- and third-tier Asian yards where its technical and procurement capabilities can help secure newbuildings at costs as much as 20% below prevailing market levels.

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