Guangdong Songfa Ceramics Co.,Ltd. (603268.SH) Subsidiary Signs Contracts for Construction of 4 Vessels

Stock News11-11

Guangdong Songfa Ceramics Co.,Ltd. (603268.SH) announced that its subsidiary Hengli Shipbuilding (Dalian) Co., Ltd. ("Hengli Shipbuilding") recently signed and activated contracts for the construction of 4 vessels. The contracts involve 4 VLCC (Very Large Crude Carrier) supertankers, with a total contract value estimated between $400 million and $600 million.

The VLCCs contracted this time represent internationally mainstream large crude oil carriers, featuring high loading capacity, long endurance, and operational efficiency. The vessel design balances route adaptability and loading flexibility, efficiently accommodating loading/unloading equipment at major global crude oil ports. These tankers meet the demands of transoceanic long-distance crude oil trunk transportation and large-scale shipments from oilfields to refineries.

Aligned with the latest international tanker design concepts, these vessels cater to current market needs for large-scale and low-carbon transportation, demonstrating the company's independent innovation capabilities and technical strength in high-end ship design. The successful execution of these contracts is expected to positively impact the company's future performance.

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