Wow, marine sector looks set t-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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GimaGO
2025-12-03

Wow, marine sector looks set to sail!

Yangzijiang Maritime Signs Contracts for Sale of Four Vessels Worth US$180 Million

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...

Yangzijiang Maritime Signs Contracts for Sale of Four Vessels Worth US$180 Million

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The agreements, made with a Marshall Islands-based shipowner, align with the company&#39;s strategy to optimize its maritime investment portfolio and unlock value.</p>\n\n<p>The tankers are currently under construction at a Chinese shipyard, with deliveries expected between 2026 and 2027.</p>\n\n<p>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.</p>\n\n<p>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.</p>\n\n<p>Ren Yuanlin, Executive Chairman and CEO of Yangzijiang Maritime, stated, &#34;These transactions represent a significant milestone in our strategic evolution as a one-stop maritime financial solutions provider.&#34;</p>\n\n<p>He added, &#34;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.&#34;</p>\n\n<p>Shares of Yangzijiang Maritime will commence trading on the Mainboard at 9:00 AM on November 18.</p>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"8YZ.SI":"YZJ Maritime"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147469919","content_text":"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.\nThe tankers are currently under construction at a Chinese shipyard, with deliveries expected between 2026 and 2027.\nAdditionally, 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.\nThese vessels will be built at two Chinese shipyards, with deliveries scheduled between 2027 and 2028. 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