Yangzijiang Shipbuilding is gearing up for its entry into the crude tanker space.
The Singapore-listed yard, which has never constructed a large crude tanker before, is going to complete a half-built suezmax that has been “sunbathing” in a dry dock in China for more than three years.
A source familiar with Yangzijiang confirms the shipyard’s move into the suezmax tanker sector, saying the “project” would help the Chinese shipbuilder to gain entry and experience in constructing large crude carriers.
