After nearly one month, Yangzijiang Financial Holding Ltd. (Yangzijiang Financial) once again placed a shipbuilding order at Jingjiang Nanyang Shipbuilding.
Yangzijiang Financial’s latest investment focus has shifted from tankers to bulk carriers, Trade Winds sources said. Yangzijiang Financial has signed a contract with Jingjiang Nanyang Shipbuilding for the construction of 4+2 40,000 dwt handysize bulk carriers at a cost of no more than $30 million each. On this basis, the total value of the six new vessels is slightly less than US$180 million.
It is understood that Yangzijiang Financial and Jingjiang Nanyang Shipbuilding have cooperated many times. In 2024, Jingjiang Nanyang Shipbuilding had obtained four 50,000 dwt MR product tankers from Yangzijiang Financial. And in March this year, it signed another contract for four vessels of the same type, with a cost of not more than US$45 million, and a total value of not more than US$360 million. The total value does not exceed US$360 million.
It is worth noting that Yangzijiang Finance’s MR product tanker order for 2024 marks Jingjiang Nanyang Shipbuilding’s first foray into the MR product tanker construction market.
Including the latest order, the number of vessels jointly built by Yangtze River Financial and Jingjiang Nanyang Shipbuilding has increased to 14, including 8 50,000 DWT MR product tankers and 6 40,000 DWT handysize bulk carriers, with a total value of no more than US$540 million (approximately RMB 3.95 billion).
Jingjiang Nanyang Shipbuilding is a small to medium-sized shipbuilder established in 1995, with a 360m×52m dry dock and four slipways.