Yangzijiang Maritime Development has entered into contracts to sell four new medium-range tankers (49,800 DWT) for a total of US$180 million. The agreements, made with a Marshall Islands-based shipowner, align with the company's strategy to optimize its maritime investment portfolio and unlock value.

The tankers are currently under construction at a Chinese shipyard, with deliveries expected between 2026 and 2027.

Additionally, Yangzijiang Maritime has signed letters of intent (LOIs) for joint ventures to construct eight new vessels, including four medium-range tankers (49,800 DWT) and four bulk carriers (40,000 DWT). The tankers were contracted with a European shipowner, while the bulk carriers were secured with a Singapore-based counterpart.

These vessels will be built at two Chinese shipyards, with deliveries scheduled between 2027 and 2028. Yangzijiang Maritime will hold majority equity stakes in these joint ventures.

Ren Yuanlin, Executive Chairman and CEO of Yangzijiang Maritime, stated, "These transactions represent a significant milestone in our strategic evolution as a one-stop maritime financial solutions provider."

He added, "Leveraging our strong balance sheet and favorable industry trends, we remain committed to disciplined capital deployment, fleet optimization, and sustainable investments in modern, eco-friendly vessels."

Shares of Yangzijiang Maritime will commence trading on the Mainboard at 9:00 AM on November 18.