Singapore-based Wealth Holdings is stepping up its investment in the multipurpose vessel sector， placing a fresh order in China for larger tonnage just months after entering the market with its first MPP newbuilding programme.

The company’s shipping arm， Wealth Holding Shipping， has teamed up with Hong Kong-based Pusheng Shipping and Nantong Yahua Shipbuilding Group for two 62，000 dwt multipurpose vessels， with options for a further two ships.

The vessels are scheduled to begin delivering from the first quarter of 2028.

The latest deal significantly increases the scale of Wealth Holdings’ presence in the multipurpose segment and follows the group’s first move into the market earlier this year.

Until recently， Wealth Holdings had maintained a relatively low profile in international shipping， with industry databases showing the group controlling a smaller dry bulk operation. That changed in early 2026 when the owner launched an ambitious fleet expansion programme focused on the growing project cargo and multipurpose trades.

As previously reported， Wealth Holdings ordered up to eight 17，400-dwt multipurpose vessels at China’s Jiangsu Haitong Offshore Engineering Equipment. The programme included four firm vessels and four options， with deliveries scheduled from 2027 onwards.

A key feature of that initial investment was the involvement of Danish shipping group Norden， which agreed to provide long-term charter coverage for the vessels.

The latest order at Nantong Yahua marks a move into a substantially larger vessel class， broadening Wealth Holdings’ exposure beyond conventional multipurpose trades. If all options from both of its recent MPP programmes are exercised， Wealth Holdings could build a fleet of up to 12 multipurpose vessels across two different size segments.