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Hengli Shipbuilding, a leading Chinese company specializing in high-end shipbuilding and marine engineering, has announced the receipt of a new order for three large vessels, bringing its total recent orders to 13 ships within two weeks. The aggregated value of these orders could reach approximately USD 1.9 billion.
The latest contract includes the construction of one Very Large Crude Carrier (VLCC) with a deadweight of 306,000 tons and two Capesize bulk carriers, as revealed by its parent company. The transactions will be conducted in U.S. dollars, according to the announcement.
The client is a prominent ship owner, with the contract’s estimated worth falling between USD 200 million and USD 400 million. Details about the specific client and precise deal value remain confidential. The delivery of these three vessels is expected to occur between mid-2024 and the second half of 2027.
Earlier in September, the company announced that a well-known European shipowner placed an order for four VLCCs, each with a deadweight of 306,000 tons. This deal was valued at between USD 400 million and USD 600 million.
Moreover, earlier this month, the company secured orders for six additional VLCCs from two prominent European shipowners, with a combined estimated value of USD 600 million to USD 900 million.
Hengli Shipbuilding ranks among China’s five largest shipbuilding firms. It became a subsidiary of the private petrochemical giant in 2022 but was transferred to a major ceramics company earlier this year as part of a significant restructuring. This shift reflected a strategic move by the ceramics company to focus on the research, development, production, and sale of ships and high-end equipment.
Shares of the ceramics company, based in Chaozhou, increased by 3.7% to CNY 47.80 (USD 6.72) during the midday trading session.
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