Yangzijiang Financial says it has boosted the target size for its maritime investment fund by 20% to $600m as it looks to take advantage of opportunities in green shipping.
The Singapore-listed company said it has already earmarked $300m of the fund for investments into eco, modern, efficient maritime assets, according to a regulatory filing on the Singapore Exchange.
The company says the Singapore-based fund is supported by its financial leasing team in China, which enables it to offer investors a “unique fund proposition that combines the … group’s financial and shipping capabilities”.
