Junzheng Group Expands Fleet with Stainless Steel Newbuilds

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  • Chinese chemical enterprise Junzheng Group has announced the expansion of its fleet with a new series of stainless steel vessels, as part of its fleet renewal program.
  • The group’s Dubai-registered shipping arm, SC International, and Hong Kong-based JZ Logistics Holding have placed an order for up to 10 ships at Wuchang Shipbuilding. The deal, valued at around $451 million, includes five firm orders and five optional 25,900 dwt vessels, scheduled for delivery from 2026 through to 2028.

Future Growth of Fleet Expansion

Junzheng Group, which became China’s largest chemical tanker operator after acquiring Sinochem’s fleet in 2019, currently operates around 80 chemical tankers ranging from 3,000 dwt to 40,000 dwt. With the latest order, the fleet is poised to expand to over 100 ships. Additionally, the group has booked another series of up to ten 25,900 dwt stainless steel chemical carriers at China Merchants Jinling Shipyard in Yangzhou, in addition to two more under construction at the same yard.

Wuchang Shipbuilding Secures Deal

In related news, Wuchang Shipbuilding has secured a deal with Xingtong Shipping, another domestic owner, for two 25,900 dwt stainless steel units, which will be methanol-ready and delivered in the first half of 2026.

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Source: Splash247

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