The Stephenson Harwood (Singapore) Alliance maritime, trade and offshore finance team has advised Yangzijiang Financial (YZJFH) on its maritime fund’s joint venture with Singapore-based equity investment vehicle Alpha Omega Marine and the acquisition of two vessels.
The acquired dry bulk vessels are MV As One which is an Ultramax Bulker followed by MV One and Only. MV One and Only is a 40,000 deadweight tonne Handymax Bulker with a Carbon Intensity Indicator of 'A' which indicates superior energy efficiency. The vessel is scheduled for delivery in July 2024.
Yangzijiang Maritime Fund is YZJFH’s investment arm, with a focus on services including finance leasing, ship agency, ship broking, and the provision of secured loans in the maritime sector.
The team was led by partner Dr Gregory Xu, who was supported by associates Nicole Ong and Kenneth Kwok.
