Following its announcement of an order for 10 oil tankers on February 9, Hengli Heavy Industries has once again secured a major oil tanker order worth tens of billions.
On February 11, *ST Songfa, the listed entity of Hengli Heavy Industries, issued an announcement stating that the construction contract for 15 306,000 DWT Very Large Crude Carriers (VLCCs) of its subsidiary Hengli Shipbuilding (Dalian) Co., Ltd. was recently signed and came into effect. The total contract amount is approximately US$1.7-2 billion (approximately RMB 11.75 billion-13.8 billion), with a single vessel price of approximately US$113 million-133 million (approximately RMB 783 million-920 million).
Among these, the counterparty for the order of four 306,000 DWT VLCCs is a well-known European shipowner. The counterparty for the remaining eleven 306,000 DWT VLCCs is a single-vessel company under Capital Ship Management Group.
The announcement discloses that Capital Ship Management is a major ocean-going vessel operator with significant influence in the shipping industry. Its core business includes tanker operations, liquefied natural gas (LNG) transportation, dry bulk shipping, vessel management and shipping investments. The group manages over 150 vessels, including VLCCs, Aframax tankers, LNG carriers, liquefied carbon dioxide carriers and container ships. It maintains long-term partnerships with major global energy companies, traders and shipping enterprises. Holding significant influence within the Greek and global shipping industries, it stands as a key driver in advancing global energy transportation and the transition to green shipping.
This marks the second major order announced by Hengli Heavy Industries within just two days. On February 9, Hengli Heavy Industries announced that a contract for the construction of 10 crude oil tankers with a deadweight tonnage of 158,000 tons had recently been signed and taken effect, with a total contract value of approximately US$700 million to US$1 billion (equivalent to RMB 4.84 billion to RMB 6.9 billion). Nine of the new vessels were contracted to a single-vessel company under Dynacom Tankers Management Ltd., while the remaining vessel was contracted to a well-known European shipowner.
According to incomplete statistics, as of February 11, Hengli Heavy Industries has announced orders for 45+2 new vessels this year, including 1 bulk carrier, 27 VLCCs, 13 oil tankers, and 4+2 container ships. By 2025, Hengli Heavy Industries’ newbuilding orders are projected to reach 115 vessels, valued at over RMB 100 billion.
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 RMB 13.5 billion 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.