Yangzijiang Financial acquires Handymax vessel in JV with Alpha Omega

The vessel's delivery is slated for July.

Yangzijiang Financial Holding's Maritime Fund formed a joint venture with equity investment vehicle Alpha Omega Marine to acquire an eco-friendly dry bulk vessel named "MV One and Only."

MV One and Only is a 40,000 deadweight tonne (DWT) Handymax vessel that transports cargoes, including minor bulks, grain and coal, on short-haul routes.

The vessel has a Carbon Intensity Indicator (CII) of A, indicating a superior energy efficiency.

MV One and Only will be delivered in July.

In a bourse filing, Yangzijiang Financial said it acquired the vessel amidst a slowing supply of Handymax/Supramax bulk carriers amid resilient demand.

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