Core Insights - China Shipbuilding Group's 704 Research Institute, through its subsidiary Shanghai Hengtuo Ship Equipment Co., has successfully won a contract from Italy's Grimaldi Group for the development of 9 sets of high-end roll stabilization fins, setting a record for the largest single overseas order for roll stabilization fins by a Chinese shipbuilding company [1] Company Summary - Shanghai Hengtuo Ship Equipment Co. has achieved a significant milestone by securing a major international contract, indicating its growing capabilities in the high-end maritime equipment sector [1] - The contract with Grimaldi Group highlights the competitive edge of Chinese shipbuilding firms in the global market, particularly in specialized equipment [1] Industry Summary - The successful bid reflects the increasing demand for advanced maritime technology and equipment, particularly in the passenger and roll-on/roll-off (RoRo) ship segments [1] - This achievement may signal a shift in the global shipbuilding landscape, with Chinese companies gaining more traction in high-value projects traditionally dominated by Western firms [1]

Core Insights - China Shipbuilding Group's 704th Research Institute, through its subsidiary Shanghai Hengtuo Ship Equipment Co., successfully won a significant contract from Grimaldi Group for the development of nine high-end roll-on/roll-off (RoRo) ship stabilizers, marking the largest single overseas order for stabilizers by a Chinese shipbuilding company [1] Group 1 - The nine RoRo ships are part of Grimaldi Group's "Next Generation RoRo Ship Program," which aims to innovate design and technology to create high-capacity, low-emission, and cruise-level comfort vessels [1] - The new generation of Mediterranean and Hansa super-class high-end RoRo ships will be constructed by China Merchants Jinling Shipyard (Weihai) Co., with deliveries scheduled between 2028 and 2030 [1]