ST SONGFA's subsidiary signed contracts for the construction of 6 vessels, with a total amount of approximately 600 million to 900 million USD
I'm LongbridgeAI, I can summarize articles.ST SONGFA's subsidiary Hengli Shipbuilding has signed contracts for the construction of 6 vessels, with a total amount of approximately USD 600-900 million, expected to be delivered from the second half of 2026 to the first half of 2027. These very large crude carriers have efficient loading capacity and operational efficiency, meeting the international shipping market's demand for low-carbon transportation. The execution of the contracts is expected to positively impact the company's future performance, enhancing market competitiveness and profitability
According to the Zhitong Finance APP, *ST SONGFA (603268.SH) announced that its subsidiary Hengli Shipbuilding (Dalian) Co., Ltd. (referred to as "Hengli Shipbuilding") has recently signed and made effective contracts for the construction of 6 vessels. The total contract amount is approximately USD 600-900 million, with deliveries scheduled from the second half of 2026 to the first half of 2027.
The ultra-large crude oil carriers (VLCC) contracted this time are mainstream large crude oil carrier types in the international market, characterized by large loading capacity, strong endurance, and high operational efficiency. This vessel type is designed to balance route adaptability and loading flexibility, efficiently compatible with the loading and unloading equipment of major global crude oil ports, and meets the demand for long-distance transoceanic crude oil trunk transportation and large-scale transportation from major oil fields to refineries. It aligns with the latest international tanker design concepts and meets the current international shipping market's demand for large-scale and low-carbon transportation. This fully reflects the company's independent innovation capability and technical strength in the high-end ship design field. The normal performance of the above contracts is expected to have a positive impact on the company's future performance, enhance its medium to long-term market competitiveness and profitability, and further consolidate the company's competitive advantage in the ultra-large crude oil carrier market
