Group 1 - HJ Heavy Industries has signed a contract with H-Line Shipping for the construction of an 18,000 cubic meter LNG bunkering vessel, valued at 1,223 billion KRW (approximately 87.6 million USD or 630 million CNY), to be delivered by December 31, 2027, which represents 6.48% of the company's projected revenue for 2024 [2] - The contract was initially signed on February 7 but was canceled in May due to changes in the shipowner's business plans. HJ Heavy Industries participated in a restructured bidding process in July and secured the contract as the preferred bidder [2] - The vessel will be equipped with two IMO-certified independent LNG pressure tanks and a dual-fuel (LNG + marine diesel) propulsion system, enhancing operational stability and efficiency while significantly reducing carbon emissions [2] Group 2 - HJ Heavy Industries is the first shipbuilding company globally to receive orders for LNG bunkering vessels, having previously built two 5,100 cubic meter LNG bunkering vessels for NYK Line in 2014, with a total contract value of 100 million USD [3] - The company has developed a 7,500 cubic meter LNG bunkering vessel, which received an Approval in Principle (AiP) certificate from Lloyd's Register in May 2023, designed to operate without the need for ballast water management systems, thus being environmentally friendly and cost-effective [3] - The demand for LNG as an eco-friendly fuel is increasing, with Total Energies Marine Fuels predicting global LNG bunkering demand to rise from 400,000 tons in 2017 to 10 million tons by 2025 [4] Group 3 - In 2024, HJ Heavy Industries' order intake reached 4.69 trillion KRW (approximately 23.5 billion CNY), marking the highest record since its establishment, with 1.75 trillion KRW (approximately 9.2 billion CNY) coming from commercial and special vessels, reflecting a 150% increase from 2022 and a 300% increase from 2023 [4] - The company reported revenues of 1,886 billion KRW (approximately 9.9 billion CNY) and a net profit of 52 billion KRW (approximately 2.73 billion CNY) for the year [5] - In the first quarter of this year, HJ Heavy Industries achieved revenues of 410 billion KRW (approximately 2.05 billion CNY) and an operating profit of 54 billion KRW (approximately 2.69 million CNY) [5]

Group 1 - The core point of the article is that Yangzi Petrochemical has successfully produced its first batch of approximately 6,000 tons of low-sulfur heavy marine fuel oil, indicating that the company’s blending system for low-sulfur marine fuel oil is now capable of long-term and efficient operation [1] - Low-sulfur marine fuel is recognized as a new type of environmentally friendly fuel, characterized by high calorific value and good combustion performance, which not only provides sufficient power for ships and saves fuel costs but also effectively reduces sulfur oxide emissions to meet environmental requirements [1] - The blending system constructed by Yangzi Petrochemical utilizes purified oil slurry, hydrogenated residue, and catalytic diesel as components to produce marine fuel oil, optimizing processes and fully utilizing existing equipment to meet production conditions [1] Group 2 - The project took over 160 days from the basic design review to completion, facing challenges such as strict quality requirements, tight construction schedules, and shortages of some materials [1] - Yangzi Petrochemical established a cross-departmental collaborative mechanism to ensure project progress and quality, involving quality inspection, design, technical modification, workshop, and construction parties [1] - The project successfully built a blending system capable of producing approximately 100 tons of low-sulfur heavy marine fuel oil per hour through scientific planning and precise scheduling [1]