Financial Wire

Yangzijiang Maritime Development Sells Four Tankers; Shares Up 4%

-- Yangzijiang Maritime Development (SGX:8YZ) signed contracts for the sale of four tankers for an undisclosed amount, according to a Thursday filing with the Singapore Exchange.

Shares of the ship finance and leasing company were up over 4% in Friday trading.

The transactions involve four medium-range 49,800 deadweight tonnage tankers, slated for delivery in 2027 and 2028.

Meanwhile, the company is also investing in eight very large crude carriers of around 319,000 deadweight tonnage, which are scheduled for delivery in 2028, 2029, and 2030.

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Yangzijiang Maritime Development Sells Four Tankers; Shares Up 4% | Financial Wire