In 2026, Hengli Heavy Industries continued its strong expansion in the global new shipbuilding market, having already undertaken more than 30 new vessels, covering the three major commercial shipbuilding sectors: container ships, oil tankers and bulk carriers.
On February 9, Hengli Heavy Industries’ listed entity, *ST Songfa, announced that its subsidiary, Hengli Shipbuilding (Dalian) Co., Ltd., had recently signed and entered into a contract to build 10 crude oil tankers with a deadweight tonnage of 158,000 tons. The total contract value is approximately US$700 million to US$1 billion (approximately RMB 4.84 billion to RMB 6.9 billion).
The counterparties for nine of the 158,000 DWT crude oil tankers were individual vessels under Dynacom Tankers Management. The counterparty for the remaining 158,000 DWT crude oil tanker was a well-known European shipowner.
Dynacom Tankers Management is a shipping company with significant influence in the shipping industry. The company focuses on the operation and management of tankers, bulk carriers and LNG vessels, with Suezmax tankers and Very Large Crude Carriers (VLCCs) as its mainstays. It has a deep presence in the crude oil and refined oil transportation market and has a broad and excellent operating track record in the global maritime logistics industry.
As of 2026, Dynacom Tankers Management has placed orders for 13 new vessels of two types with Hengli Heavy Industries, including four additional 306,000 DWT VLCCs. Hengli Heavy Industries disclosed the order details on January 16, with the total contract value estimated at approximately $400 million to $600 million. In 2025, the shipowner also ordered multiple VLCCs from Hengli Heavy Industries.
According to statistics, as of February 9th, Hengli Heavy Industries has announced orders for 30+2 new vessels in 2026, including 1 bulk carrier, 12 VLCCs, 2 oil tankers, 4+2 container ships, and 10 crude oil tankers. In 2025, Hengli Heavy Industries received orders for as many as 115 new vessels, worth over 100 billion yuan.
To shorten the construction cycle and accelerate the fulfillment of existing orders, on January 14, 2026, *ST Songfa disclosed the “2026 Annual Plan for Issuance of Shares to Specific Targets” through an announcement, proposing to invest 13.5 billion yuan in three major shipbuilding capacity expansion projects: the Green Intelligent High-end Shipbuilding Integrated Project, the Hengli Shipbuilding (Dalian) Co., Ltd. Green Shipbuilding Curve Group Supporting Upgrade Project, and the Green High-end Shipbuilding Project Supporting 3-6 Wharf Project.