*ST Songfa went on to announce that its subsidiary Hengli Shipbuilding-Dalian Co., Ltd. has inked a contract when it comes to the construction of one 158,000 DWT crude oil carrier. The contract value amounts to between $80 million and $100 million, with the delivery scheduled for Q1 of 2029.
The announcement went on to disclose that the counterparty to the contract was quite a recognized European shipowner. As per the agreement signed between the shipowner and Hengli Shipbuilding, as well as keeping in mind the relevant provisions of the Regulations on the Temporary Suspension and Exemption of Information Disclosure by Listed Companies, the specific information pertaining to the shipowner was exempted from the disclosure.
The announcement confirmed that this 158,000 DWT crude oil carrier goes on to represent a mainstream global large-scale crude oil tanker design. Featuring high deadweight capacity, low fuel consumption, and outstanding environmental performance, it goes on to sync with the updated global design concepts when it comes to crude oil tankers and also meets the most recent environmental regulations.
Interestingly, this also marks the second tanker construction contract that was signed by Hengli Shipbuilding in December 2025. As reported in the past, on December 20, *ST Songfa had announced that Hengli Shipbuilding, its subsidiary, had inked and also finalized a contract for the construction of two 114,000 DWT crude oil/product tankers. The new vessels are being sold to a single-ship company under Monte Nero Holdings S.A. The overall contract value is almost $100-200 million, with a delivery that is scheduled for H1 of 2027.
It is worth noting that ever since the third quarter of 2025, Hengli Heavy Industries has gone ahead and secured a series of fresh orders in the new shipbuilding market, thereby covering many vessel types such as container ships, bulk carriers, and oil tankers. Notably, its order backlog now extends till 2029. At the same time, making utmost use of its strong industrial chain benefits, Hengli Heavy Industries has attained independent manufacturing capacities for core components like marine main engines. This sort of robust delivery assurance has gone on to become a major factor when it comes to the selection decisions of clients.
