News / Yangzijiang group enters booming box ship leasing market with Zim charter

Credit Yangzijiang Shipbulding.

China’s Yangzijiang Shipbuilding group, active in ship-leasing and chartering in the dry bulk and tanker market, has ventured into the container sector with a charter deal with Israeli liner Zim.

Two ships built by Yangzijiang will be chartered to Zim for three years, following delivery in February and April.

The 1,800 teu ships, H Cygnus and H Mercury, belong to Jiangsu Huayuan Logistics, which is 49% owned by Yangzijiang. The other 51% stake is held by Taixing Liyuan Investment, which is 70% ...