Yangzijiang Maritime to Sell Six Newbuild Medium-Range Tankers for $308 Million

MT Newswires10-26 18:54

Yangzijiang Maritime Development (SGX:8YZ) signed sales contracts for six newbuild medium-range tankers with an aggregate gross sales value of $308 million, according to a Monday filing.

The contracts cover two tankers of about 49,500 deadweight tons each, scheduled for delivery in 2026 and 2027; and four tankers of about 49,800 deadweight tons each, scheduled for delivery in 2027 and 2028.

The company has signed sales contracts for 18 newbuild vessels with an aggregate gross value of $805 million over a 10-month period, it said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment