ST SONGFA's subsidiary signed contracts for the construction of 4 vessels, with a total amount of approximately 400-600 million USD

According to the Zhitong Finance APP, *ST Songfa (603268.SH) announced that its subsidiary Hengli Shipbuilding (Dalian) Co., Ltd. (referred to as "Hengli Shipbuilding") has recently signed and made effective contracts for the construction of 4 vessels. Contract subject: 4 ultra-large crude oil tankers (VLCC) with a total contract amount of approximately USD 400-600 million, which will be delivered successively from the second half of 2026 to the first half of 2027.

The ultra-large crude oil tankers (VLCC) signed by the company this time are mainstream large crude oil tanker types in the international market, characterized by large loading capacity, strong endurance, and high operational efficiency. This vessel type is designed to balance route adaptability and loading flexibility, efficiently compatible with the loading and unloading equipment of major global crude oil ports, and can meet the demand for long-distance transoceanic crude oil trunk transportation and large-scale transportation from major oil fields to refineries. It aligns with the latest international tanker design concepts and meets the current international shipping market's demand for large-scale and low-carbon transportation of crude oil, fully reflecting the company's independent innovation capability and technical strength in the field of high-end ship design. The normal performance of the above contracts is expected to have a positive impact on the company's future performance, enhance the company's medium- to long-term market competitiveness and profitability, and further consolidate the company's competitive advantage in the ultra-large crude oil tanker market