Core Viewpoint - *ST Songfa (603268.SH) announced that its subsidiary Hengli Shipbuilding (Dalian) Co., Ltd. has signed contracts for the construction of six Very Large Crude Carriers (VLCCs), with a total contract value of approximately $600 million to $900 million, expected to be delivered between the second half of 2026 and the first half of 2027 [1] Group 1 - The signed contracts involve the construction of VLCCs, which are recognized as mainstream large crude oil transportation vessels, characterized by high loading capacity, strong endurance, and operational efficiency [1] - The design of these vessels balances route adaptability and loading flexibility, allowing efficient compatibility with major global crude oil port loading and unloading equipment [1] - The vessels are intended to meet the demand for large-scale transportation of crude oil from major oil fields to refineries, aligning with the latest international tanker design concepts and the current market's need for large-scale and low-carbon transportation [1] Group 2 - The normal execution of these contracts is expected to have a positive impact on the company's future performance, enhancing its medium to long-term market competitiveness and profitability [1] - This development will further consolidate the company's competitive advantage in the VLCC market [1]

Core Viewpoint - *ST Songfa has signed contracts for the construction of four Very Large Crude Carriers (VLCCs) with a total contract value of approximately $400-600 million, expected to be delivered between the second half of 2026 and the first half of 2027 [1] Group 1: Contract Details - The contracts involve the construction of four VLCCs, each with a capacity of 306,000 tons [1] - The total contract amount is estimated to be between $400 million and $600 million [1] - Delivery of the vessels is scheduled from the second half of 2026 to the first half of 2027 [1] Group 2: Vessel Specifications - The VLCCs are designed to be efficient in terms of loading capacity, endurance, and operational efficiency [1] - The design accommodates adaptability to various shipping routes and loading flexibility, making it suitable for major global crude oil ports [1] - The vessels are intended for long-distance crude oil transportation and large-scale transport from oil fields to refineries, aligning with international shipping market demands for large-scale and low-carbon transportation [1] Group 3: Company Impact - The successful execution of these contracts is expected to positively impact the company's future performance [1] - This development is likely to enhance the company's medium to long-term market competitiveness and profitability [1] - The contracts further solidify the company's competitive advantage in the VLCC market [1]

Core Viewpoint - *ST Songfa has signed contracts for the construction of four Very Large Crude Carriers (VLCCs) with a total contract value of approximately $400-600 million, showcasing the company's capabilities in high-end ship design and technology [1] Group 1: Contract Details - The contracts involve the construction of four VLCCs by the subsidiary Hengli Shipbuilding (Dalian) Co., Ltd [1] - The total contract amount is estimated to be between $400 million and $600 million [1] Group 2: Ship Specifications - The VLCCs are designed to have a large loading capacity, strong endurance, and high operational efficiency [1] - The design of the ships accommodates adaptability to various shipping routes and loading flexibility, making them suitable for major global crude oil ports [1] Group 3: Market Relevance - The vessels are intended for transoceanic long-distance crude oil trunk transportation and large-scale transportation from oil fields to refineries [1] - The design aligns with the latest international tanker design concepts and meets the current market demand for large-scale and low-carbon transportation [1]