This year, orders have already exceeded 130 vessels! Hengli Heavy Industry has secured two new types of ships, totaling five units.

Recently, Hengli Heavy Industry officially signed contracts with the Greek shipowner THENAMARIS for the construction of three LR2‑type product tankers, and with another Greek shipowner, EUROBULK, for the construction of two 82,000‑dwt bulk carriers.

This marks the first collaboration between Hengli Heavy Industry and THENAMARIS, as well as THE NAMARIS’s inaugural placement of a newbuild order with a Chinese regional shipyard, signaling a major breakthrough for Hengli Heavy Industry in expanding its footprint among international, high‑end shipowner clients. Previously, THE NAMARIS had concentrated its orders primarily with Japanese and Korean shipyards; its decision to partner with Hengli Heavy Industry underscores the strong confidence that this world‑class shipowner places in Hengli’s technical expertise, project management capabilities, and delivery performance.

During the same period, Hengli Heavy Industry completed four newbuildings for EUROBULK—82,000‑ton bulk carriers. EUROBULK’s continued repeat orders represent the highest endorsement of Hengli Heavy Industry’s products and services, underscoring the deepening and solidifying nature of the partnership between the two parties.

Hengli Heavy Industry did not disclose the order value. For reference, according to Clarkson’s data, the current price for a newbuild of an 113,000–115,000-dwt LR2 product tanker stands at approximately US$77 million (about RMB 524 million), slightly up from US$75.5 million at the same time last year; meanwhile, the price for a newbuild of an 82,000–84,000-dwt Kamsarmax bulk carrier is around US$37.5 million (about RMB 255 million), marginally higher than last year’s US$36.5 million.

According to reports, THENAMARIS is part of the renowned MARTINOS family’s shipping empire in Greece. For decades, the family has been deeply entrenched in the Greek shipping industry, operating several specialized shipping companies that serve a range of niche segments, including tankers and bulk carriers. Notably, the MARTINOS family maintains a long-standing partnership with Hengli Heavy Industries: its sister entities, EASTMED and MINERVA, have both placed orders for newbuildings with the company. With THENAMARIS now joining the fold, all three of the MARTINOS family’s core shipowning subsidiaries have established cooperative relationships with Hengli Heavy Industries, further amplifying intra‑group synergies and the benefits of resource sharing.

Since its establishment, Hengli Heavy Industry has remained deeply committed to the international shipping market, with Greek shipowners accounting for as much as 80% of its customer base. As its collaboration with leading Greek shipowners continues to expand, Hengli Heavy Industry has become a key strategic partner for Greece’s shipping industry in China. From their initial partnership to sustained repeat orders, and from focusing on a single vessel type to diversifying into multiple product lines, the scope of Hengli’s cooperation with Greek shipowners has steadily broadened. This not only reflects a deepening commercial alliance but also serves as a vivid testament to the cultural exchange and mutual trust that underpin Sino‑Greek cooperation in the shipbuilding sector.

Including the latest orders, Hengli Heavy Industry has already secured more than 130 new vessel contracts this year, surpassing its 2025 record and setting a new all-time high. In 2025, the company signed contracts for 115 vessels, ranking second in China and second globally.

In the first quarter of this year, Hengli Heavy Industry secured a total of 108 new shipbuilding contracts, marking its best performance for the same period in history. These included 76 oil tanker orders—comprising 54 VLCCs, 18 Suezmax vessels, and 4 LR2 product tankers—alongside 12 container ships, 16 bulk carriers, and 4 cryogenic vessels. In April, Hengli Heavy Industry further signed additional contracts for 18 newbuildings. On May 5, the company entered into a 2+2 contract with European shipowner BEACON TANKERS to build two 158,000‑dwt Suezmax crude oil tankers.

According to Clarkson’s data, Hengli Heavy Industries currently holds orders for a total of 296 vessels, amounting to 53.47 million deadweight tons and 10.84 million CGT. By CGT, the company ranks first among single‑yard shipbuilders worldwide. The order book includes 129 oil tankers, 103 bulk carriers, 58 container ships, and 6 LPG carriers, with delivery schedules extending through 2030.