Singapore-listed Yangzijiang Financial has expanded its presence in the shipowner sector by ordering four product tankers from Jingjiang Nanyang Shipbuilding, according to Trade Winds.
Yangzijiang Financial has reportedly signed a contract with Jingjiang Nanyang Shipbuilding for the construction of four 50,000 dwt product tankers. The contract may have been signed last year, the sources said, but it was not publicly reported.
Three of the four new vessels are expected to be delivered in 2026 and the last in the first quarter of 2027. It is reported that the price of each vessel is less than US$45 million.
Equipped with 12 cargo oil tanks and 2 residual tanks, the new vessel complies with the International Maritime Organization’s NOx Tier III emission standards and EEDI Phase III requirements.
The shipbroker said that Yangzijiang Financial will not operate the four new vessels, but will sell them in accordance with previous practice.
In 2023, Yangzijiang Financial placed an order for two 50,000 dwt product tankers with desulphurization towers at its own shipyard, and reportedly sold the two vessels under construction to Greece’s Thenamaris last year at a price of $53 million each. Recently, Yangzijiang Shipbuilding has delivered the first vessel “SeaExplorer”, which has become the first vessel delivered by Yangzijiang Shipbuilding this year.
Jingjiang Nanyang Shipbuilding is a small and medium-sized shipyard, established in 1995, with a 360m x 52m dry dock and 4 slipways. This order is the first time for this shipyard to take orders for product tankers.
According to public reports, in 2024, Jingjiang Nanyang Shipbuilding took orders for two 25,000 dwt heavy carriers from BigLift Shipping, a Dutch heavy lift vessel operator; and one 11,000 dwt limestone carrier from CSL Group, a Canadian shipping company.