Singapore-listed Yangzijiang Maritime Development has been linked to a new tanker newbuilding deal: four firm plus two optional 28,000 dwt duplex stainless-steel chemical tankers, placed at Zhoushan Ningxing Shipbuilding alongside Taihua Ship Management, according to Splash247. The order, identified by Chinese shipping sources, extends the company's reported push into tanker construction and is separate from its product tanker programme at Jiangsu Haifeng, where it has already lined up four 50,000 dwt MRs and two 115,000 dwt LR2s worth more than $320m, Splash reported earlier this month.
Chemical Tanker Order at Zhoushan Ningxing
The 4+2 series has been placed at Zhoushan Ningxing Shipbuilding, with Chinese shipping sources identifying Yangzijiang Maritime and Taihua as the companies behind the deal, according to Splash247. Ningxing specialises in stainless-steel chemical tanker construction, the report said. No contract price has surfaced. Current market indications of around $46m per ship would put the firm quartet at roughly $184m and the full six-ship package at about $276m, according to the same report.
Pricing and Programme Comparison
The chemical tanker order is the latest in a series of tanker moves reported for Yangzijiang Maritime. The table below compares the disclosed details of the two reported programmes:
| Programme | Vessel type | Size (dwt) | Number of vessels | Reported value |
|---|---|---|---|---|
| Chemical tankers – Zhoushan Ningxing | Duplex stainless-steel chemical tankers | 28,000 | 4 firm + 2 optional | ~$184m firm; ~$276m full package |
| Product tankers – Jiangsu Haifeng | MR and LR2 | 50,000 / 115,000 | 4 MRs + 2 LR2s | More than $320m |
Expansion Beyond Chemical Tankers
Yangzijiang Maritime's move into stainless chemical tankers is separate from its growing product tanker programme at Jiangsu Haifeng, Splash247 reported. Earlier this month, Splash reported that the company had lined up the four 50,000 dwt MRs and two 115,000 dwt LR2s in a deal worth more than $320m. That order took its reported Haifeng tanker programme to 14 vessels.
Portfolio Scale and Operator Implications
Yangzijiang Maritime's portfolio stood at more than 120 ships at the end of June, including over 60 newbuildings, according to Splash247. The reported chemical tanker order, if confirmed, would be part of that newbuilding pipeline. For shippers and operators tracking stainless-steel chemical tanker supply, the deal adds new tonnage to an orderbook that now includes the Ningxing series and the Haifeng product tanker programme. Splash247 reported no delivery dates, charter details, or contract price for the chemical tanker series, so the market indications of roughly $46m per vessel remain the only disclosed benchmark.
Watch List
- Contract price: No price has surfaced for the 4+2 chemical tanker series; market indications of around $46m per ship would value the firm four at roughly $184m.
- Optional vessels: The deal includes two optional units; if exercised, the full six-ship package would total about $276m.
- Haifeng programme growth: The reported MR/LR2 order took the Haifeng programme to 14 vessels, and any further additions would expand the total reported orderbook.
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