☀ WEATHER● RADIOAdvertise
DVDOWNUNDERVOICESAustralia · New Zealand · World
Back to Business
Business

27 October 2026

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

Downunder Voices Newsroom

Source reporting: Splash247

FacebookEmail
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 …

About this report

Downunder Voices provides an independently written summary and community perspective based on information published by the original source. The original publisher remains responsible for its reporting.

Join our community

Follow Downunder Voices

Join thousands of readers following news and community stories from Australia, New Zealand and the Pacific.

Follow on FacebookSubmit your story

More from Business

View category
This Oil Company Is Linked to 1,000 Pollution Incidents and Other Violations. Oklahoma Never Punished It.Business
From ProPublica

27 October 2026

This Oil Company Is Linked to 1,000 Pollution Incidents and Other Violations. Oklahoma Never Punished It.

Photo illustration by Jovelle Tamayo/ProPublica. Source images: Nick Oxford for ProPublica, courtesy of Mike Faulkner, and obtained in an open records request from the Oklahoma Corporation Commission. In June 2023, staff at an Oklahoma regulatory agency were fed up. The state isn’t known for cracking down on oil and gas companies for polluting the environment, but for over a year, the staff had been building a case to punish Citation Oil & Gas, one of the nation’s largest privately owned oil companies. About 30 miles north of the Texas border, toxic wastewater was gushing from the ground outside the small city of Ardmore.

ProPublicaOriginal source

Read Next

View latest
What cargo shipping can learn from cruise about crewing technologyTrade & Logistics
From Splash247

27 October 2026

What cargo shipping can learn from cruise about crewing technology

Raal Harris, the founder of PitchFrame, brings readers details of an interesting session from last week’s Crew Connect Global in Manila. We spend a lot of time in cargo shipping looking to aviation for inspiration in approaches to safety, technology, training and operational efficiency. But there’s another industry sitting much closer to home that perhaps …

Splash247Original source
Zijin Mining orders bulker pair for African mineral tradeWorld
From Splash247

27 October 2026

Zijin Mining orders bulker pair for African mineral trade

Chinese mining giant Zijin Mining has returned to Shandong Xinneng Shipbuilding for two 3,000 dwt bulk carriers, expanding its dedicated mineral transport operation on Lake Tanganyika in eastern Africa. The latest contract follows an earlier order for four 2,000 dwt vessels at the same Chinese yard, which are now operating on the lake between the …

Splash247Original source