Yangzijiang Maritime adds 10 new vessels, pushing order book to 53
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Yangzijiang Maritime has announced newbuilding orders for 10 vessels, increasing its order book to 53. The fleet will grow to 105 vessels by 2029, with deliveries scheduled for four product/crude tankers, four product oil/chemical tankers, and two bulk carriers. The new vessels will comply with energy-efficiency standards and be funded through equity and debt. CEO Ren Yuanlin emphasized the importance of environmental regulations in shaping the market and mentioned plans to optimize shareholder returns through leasing and chartering opportunities. The company's stock closed down 2.2% at S$0.66 before the announcement.
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