Hengli Shipbuilding Inks $200-300 Million VLCC Contract with Eastern Pacific-Linked Firm

Published: Jan 26, 2026 15:19

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[Songfa Shares: Subsidiary Signs $200-300 Million Shipbuilding Contract] Songfa Shares announced that its subsidiary Hengli Shipbuilding recently signed and activated a shipbuilding contract for 2 vessels, with the subject being 2 VLCC ultra-large crude oil carriers of 306,000 mt. The contract amount is approximately $200-300 million. The contract performance period runs from signing to delivery, with payments made in US dollars according to the progress of fulfillment, and deliveries are scheduled for H2 2028. The counterparty is a single-ship company under Eastern Pacific Shipping Pte. Ltd., which has good credit and the ability to fulfill the contract. The contract is expected to have a positive impact on the company's performance, but given the long performance period and various influencing factors, the overall risk remains manageable.

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