Yangzijiang Financial has signed a contract with Jingjiang Nanyang Shipbuilding for the construction of four 50,000 dwt MR product tankers, shipbroking sources said.
Delivery of the new vessels is expected to begin in the first quarter of 2026 and will be followed by one delivery per quarter.
The new vessels comply with IMO III standards and are fitted with scrubbers. The value of the order has not yet been announced. According to industry sources, the cost of a single vessel does not exceed US$45 million. Based on this calculation, the total value of the four new vessels does not exceed US$180 million (approximately RMB 1.306 billion).
It is understood that this is not the first time Yangzijiang Financial has placed an order with Jingjiang Nanyang Shipbuilding to construct vessels. In 2024, Jingjiang Nanyang Shipbuilding was awarded four vessels of the same type by Yangzijiang Financial at a cost of less than $45 million. The cost of the same vessels did not exceed US$45 million. Notably, the order marks the shipbuilder’s first foray into the MR product tanker construction market.
Together with the latest announced order, the number of vessels under the cooperation between the two parties has increased to eight, with a total value not exceeding US$360 million (approximately RMB 2.613 billion). The four vessels signed last year are expected to be delivered three in 2026 and one in the first quarter of 2027.
Established in 1995, Jingjiang Nanyang Shipbuilding is a small to medium sized shipyard with a 360m x 52m drydock and 4 slipways.
Yangzijiang Financial was backed by Yangzijiang Shipbuilding (Holdings) Ltd., one of the largest and most reputable shipbuilding companies in the world. Since 2008, Yangzijiang Shipbuilding has been deploying its deep capital reserves and excess cash into debt investments, and fund investments, and achieved consistent returns that have outpaced the market for nearly 15 years.