SONGFA(SH:603268) Xin Lang Cai Jing·2025-12-21 13:58Group 1 - The core contract value for the new oil/product tanker ships is approximately $100 million to $200 million (around 704 million to 1.408 billion RMB) with delivery scheduled for the first half of 2027 [2][10] - The signed vessels are 114,000 deadweight ton oil/product tankers, which are considered mainstream medium-sized tankers with large loading capacity, ample cargo space, and green energy-saving features [2][10] - The design of these tankers accommodates route adaptability and cargo loading flexibility, making them suitable for most oil and product port loading and unloading equipment globally, thus meeting regional trunk transportation, refinery raw material supply, and transoceanic medium to long-distance transportation needs [2][10] Group 2 - Since the third quarter of this year, Hengli Heavy Industry has secured multiple new orders in the new shipbuilding market, covering various types of vessels including container ships, bulk carriers, and oil tankers, with a backlog extending to 2029 [4][9] - The LR2 type vessel has been a primary focus for recent orders, with contracts signed for multiple LR2 product oil tankers from Greek shipping giants Minerva Marine and Laskaridis Maritime [4][9] - Hengli Heavy Industry has commenced the construction of over 60 vessels and currently holds approximately 170 orders, with production scheduled until 2029, aiming to become the largest and most complete shipbuilding base globally upon full production capacity [4][9]