The market competitiveness of Hengli Heavy Industry in Very Large Crude Carriers (VLCC) has been certified once again!
On November 19, Hengli Heavy Industry’s listed entity *ST Songfa issued an announcement regarding the “Signing of a Major Routine Operation Contract by a Subsidiary Company,” announcing that its shipyard has secured another order for 2 VLCCs.
The announcement disclosed that the construction contracts for 2 VLCCs of 306,000 deadweight tons from *ST Songfa’s subsidiary Hengli Shipbuilding were recently signed and became effective. This order comes from a well-known European shipowner, with a total contract value of approximately $200-300 million. Based on this calculation, the cost per vessel is about $100-150 million, and they are expected to be delivered successively in the first half of 2028.
The 306,000 deadweight ton VLCCs contracted by Hengli Heavy Industry this time are internationally mainstream large crude oil carriers, featuring large loading capacity, strong endurance, and high operational efficiency. The vessel design balances route adaptability and loading flexibility, can efficiently match the loading and unloading equipment of major global crude oil ports, and meets the needs for long-distance cross-ocean crude oil trunk transportation and large-scale transport from major oil fields to refineries. It is a crude oil carrier that aligns with the latest international tanker design concepts and meets the current international shipping market’s demand for large-scale, low-carbon transportation.
*ST Songfa stated that this contract is beneficial for enhancing the company’s medium to long-term market competitiveness and profitability, further consolidating its competitive advantage in the market.
According to incomplete statistics, with the announcement of the latest 2 new vessels, Hengli Heavy Industry has accumulated approximately 25 VLCC orders this year. Based on the estimated price of $100-150 million per vessel, the total value is as high as $2.5-3.75 billion (approximately RMB 17.77 billion to 26.65 billion), with delivery schedules spanning from 2026 to 2028. In the mainstream ship markets such as bulk carriers and tankers, Hengli Heavy Industry secured 18+2 orders in November alone.
