‘No better time than now’: Yangzijiang Maritime eyes 2027-2028 profit surge on newbuild deliveries

Résumé détaillé

Growing energy demand and global fleet renewals are driving a shipping upcycle, says CEO Ren Yuanlin

Growing energy demand and global fleet renewals are driving a shipping upcycle, says CEO Ren Yuanlin

[SINGAPORE] Mainboard-listed Yangzijiang Maritime expects earnings to pick up significantly over the next two years as more vessels are delivered, with the shipping upcycle potentially extending into the next decade, said executive chairman and CEO Ren Yuanlin.

Despite geopolitical uncertainty and the phenomenon of “involution” in the Chinese market – characterised by fierce competition that erodes business profitability, Ren views the maritime sector as a bright spot.

“There’s no better time than now,” he told The Business Times in an interview conducted in Mandarin.

“My personal, conservative view is that the peak (of this upcycle) will be in 2030,” Ren said. “A neutral estimate is 2032, and an optimistic view is that it’s a 10-year cycle stretching to 2036.”

His outlook comes as the company prepares for a wave of vessel deliveries over the next four years.

As at Nov 2, the company’s newbuilding portfolio stood at 111 vessels, consisting of seven delivered newbuilds,18 optional newbuilds and 86 under construction.

The firm expects roughly 35 per cent of its vessels under construction to be delivered in 2027 and 2028, with another 55 per cent scheduled for 2029 and 2030.

Shipbuilding is part of the company’s core maritime business, which accounted for the bulk of its revenue in FY2025.

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