Yangzijiang Maritime cashes in on MR newbuilds with $308m sale

Singapore-listed Yangzijiang Maritime Development has struck deals to sell six MR tanker newbuildings for a combined $308m, taking the value of its contracted vessel resales to $805m over the past ten months. The Ren Yuanlin-led maritime investment group said the latest transactions cover two 49,500 dwt product tankers scheduled for completion between 2026 and 2027 … Read full article →