SONGFA(SH:603268) Bei Jing Shang Bao·2025-10-09 09:35Core Viewpoint - *ST Songfa has signed contracts for the construction of six Very Large Crude Carriers (VLCCs), which is expected to positively impact the company's future performance and enhance its market competitiveness and profitability [2]. Group 1: Contract Details - The contracts involve the construction of six VLCCs, each with a capacity of 30.6 million tons, with a total contract value estimated between 600 million to 900 million USD [2]. - The counterparties for these contracts are two well-known European shipowners, although specific details about the shipowners are exempt from disclosure as per relevant regulations [2]. Group 2: Operational Impact - The signed VLCCs are recognized as mainstream large crude oil transport vessels, characterized by high loading capacity, strong endurance, and operational efficiency [2]. - The normal execution of these contracts is anticipated to have a positive effect on the company's future performance, contributing to improved long-term market competitiveness and profitability [2]. - The contracts are classified as routine operational contracts, with no related party transactions involved, ensuring the independence of the company's business operations [2].