Yangzijiang Shipbuilding Group (YZJ Group) is making a push into the tanker sector by building four MR product carriers for its shipowning arm.
Chairman Ren Yuanlin confirmed that Yangzijiang Shipping, the shipowning division of the Chinese shipbuilder, has commissioned the Jiangsu yard to build the 50,000-dwt quartet.
“Yangzijiang Shipping has the financial resources to order the newbuildings and the vessels are backed up by charter contracts,” he said.
