Singapore ship leasing company Yangzijiang Financial has teamed up with bulker player Cetus Maritime to invest in handysize bulkers.

The new asset-owning joint venture said it initially aims to acquire between four and eight modern, eco-designed handysizes to be deployed in Cetus Maritime’s commercial handysize pool.

Yangzijiang and Cetus Maritime said in a statement that the joint venture would also “acquire secondhand vessels at an opportune time”.