Xin Lang Cai Jing·2026-01-04 01:30Core Viewpoint - China Merchants Heavy Transport Co., Ltd. announced an order for four multi-purpose heavy-lift vessels to enhance its fleet and support the growing demand in the wind power market [1][6]. Group 1: Order Details - The total value of the order for the four 40,000-ton multi-purpose heavy-lift vessels is approximately 1.492 billion yuan, with an individual vessel cost of about 373 million yuan [1][6]. - The first vessel is scheduled for delivery by June 2028, with the remaining three expected to be delivered by the end of February 2029 [1][6]. Group 2: Strategic Goals - The company aims to accelerate its strategic transformation and upgrade its fleet to meet the increasing demands of the wind power sector, which is experiencing rapid growth [1][6]. - As one of the largest marine service providers for wind power equipment globally, the new vessels will enhance the fleet's suitability for cargo and support China's advanced manufacturing industry [1][6]. Group 3: Economic Viability - The internal rate of return for the project is estimated at approximately 6.76%, with a static payback period of 11.8 years, indicating good economic benefits [2][7]. - The company is focused on becoming a leading special vessel company, transitioning towards being an "industry chain operator" and "integrated solution provider" [2][7]. Group 4: Fleet and Capacity - The company currently operates a fleet of over 200 vessels with a total deadweight tonnage of nearly 10 million, covering various types of special transport vessels [2][7]. - The fleet is capable of carrying a wide range of cargo, including oversized and heavy items, with a carrying capacity ranging from 1 ton to 100,000 tons [2][7]. Group 5: Background of the Order - This order is part of a larger contract signed in December 2022, which includes a total of 87 new vessels with a combined contract value of approximately 50 billion yuan [3][8]. - The contract set records for the highest single cooperation signing amount and cross-border RMB settlement in the history of China's shipbuilding industry [3][8]. Group 6: Current Orders and Market Position - As of now, the shipyard has a backlog of 84 vessels totaling 5.612 million deadweight tons, with delivery schedules extending to 2028 [4][10]. - The current order book includes various types of vessels, such as bulk carriers and multi-purpose ships, indicating a diverse portfolio [4][10].