On September 22, Hengli Shipbuilding (Dalian) Co., Ltd.’s “Green High-end Shipbuilding Project – Dock No. 4” and Hengli Offshore Engineering (Dalian) Co., Ltd.’s “Green High-end Shipbuilding Project” were officially filed. According to the filing information:
The No. 4 Dry Dock Project involves capacity replacement utilizing the former Wanbang Dry Dock. It entails upgrading and renovating one dry dock while constructing a final assembly site and corresponding supporting facilities. Key specifications include: – Effective dry dock length: 860 meters – Dock width: 146 meters – Dock depth: 13.9 meters – Total track length: 11.26 kilometers – Final assembly site area: 295,000 square meters.
The new dry dock will be equipped with two 2,000-ton gantry cranes, one 1,000-ton gantry crane, two 70-ton portal cranes, two 80-ton portal cranes, one 45-ton portal crane, and one 300-ton portal crane. The facility will primarily produce 10 300,000-ton oil tankers, two 400,000-ton bulk carriers, and four 200,000-ton container ships annually, with a total shipbuilding capacity of 4.6 million deadweight tons and an annual steel processing capacity of 740,000 tons.
The Green High-End Shipbuilding Project will utilize the former Wanbang dock through capacity replacement. It involves upgrading and renovating one dry dock and four slipways, while constructing shipbuilding workshops, storage yards and supporting facilities. The project will build high-tech vessels including green dual-fuel VLCCs, container ships, large VLOCs, and LNG carriers.
Previously, *ST Songfa announced that the group plans to use the raised funds to increase the capital of its wholly-owned subsidiary Hengli Heavy Industries by RMB 3.932 billion (approximately US$548 million), of which RMB 3.9 billion (approximately US$544 million) will be paid-in registered capital and RMB 32.05 million (approximately US$4.4678 million) will be included in capital reserves. Furthermore, *ST Songfa plans to use the raised funds through its wholly-owned subsidiary Hengli Heavy Industries to increase the capital of its wholly-owned subsidiary Hengli Shipbuilding by RMB 3.5 billion (approximately US$488 million) to implement the raised funds investment projects.
As of September 12, 2025, Hengli Shipbuilding’s registered capital has been increased from RMB 6.5 billion to RMB 10 billion.
It is understood that Hengli Heavy Industries’ Phase I and Phase II projects are named the “Ocean Factory” and the “Future Factory,” respectively. In July 2024, Hengli Heavy Industries announced an additional investment of RMB 9.2 billion to launch Phase II of the Hengli Heavy Industries Industrial Park, along with a RMB 2 billion capital increase to build the supporting industrial park at Hengli Heavy Industries (Dalian Changxing Island). On August 15, Hengli Heavy Industries’ “Future Factory” commenced construction. Remarkably, Phase II achieved full production just five months later on January 15, 2025.
Hengli Group is currently committed to further expanding its industrial scale and supporting capabilities in the shipbuilding and offshore engineering sectors. On September 14, it commenced construction on the Hengli Collaborative Innovation and Offshore Engineering Technology Industrial Park project.
The new project is geographically adjacent to Hengli Heavy Industry’s “Ocean Factory” and “Future Factory,” focusing on developing offshore engineering, shipbuilding, conversion, high-end offshore equipment and its supporting industries, marine materials, and marine component manufacturing and processing. It will help Hengli Heavy Industries accelerate the creation of a world-class shipbuilding and offshore equipment manufacturing base characterized by high-end, intelligent, and green development.
Based on the Phases I and II projects, Hengli Heavy Industry has started construction of the Cooperative Innovation and Marine Engineering Technology Industrial Park. After the completion of the project, the cumulative annual output value will reach RMB 150 billion, and Dalian will become the world’s largest single-unit shipbuilding base with the most complete supporting facilities.