Yangzijiang Financial Holding has returned to Jingjiang Nanyang Shipbuilding with a newbuilding project in the handysize dry bulk segment.
Shipbuilding sources have placed the Singapore-listed company behind an order for four firm 40,000 dwt vessels with delivery in 2027 and 2028.
The spinoff of China’s largest private shipyard, Yangzijiang Shipbuilding, is estimated to be paying about $30m per newbuild.
The shipping fund was separated from its shipbuilding and shipowning parent in 2022. The company has since invested in chemical and product tankers but also sealed partnerships with the likes of Hong Kong bulker owner and operator Cetus Maritime to invest in the handysize segment.
Yangzijiang Financial also has a series of MR tankers lined up for construction at Jingjiang Nanyang, with deliveries likely starting in 2027.
Energy News Beat