Shandong Ocean Shipping taps Hengli Heavy for bulker pair
Shandong Ocean Shipping Expands Fleet with New Orders
Shandong Ocean Shipping Group is taking significant steps to enhance its dry bulk fleet by partnering with the domestic shipbuilding industry. The maritime logistics arm of Shandong Port Group has awarded a contract to Hengli Shipbuilding for the construction of two new vessels, each with a deadweight tonnage of 95,500. This strategic move is valued at approximately CNY548 million (around $76 million), with delivery expected in 2027.
Strategic Investment in Domestic Shipbuilding
In a bid to strengthen its position in the dry bulk shipping sector, Shandong Ocean Shipping Group has chosen Hengli Shipbuilding, a prominent player in the domestic shipbuilding market. The decision to construct two large vessels marks a significant investment for the company, reflecting its commitment to expanding its operational capabilities. The total contract value of CNY548 million underscores the financial backing behind this initiative.
Hengli Shipbuilding, located in Dalian, has been actively securing contracts for bulk carriers over the past two years. The yard has focused primarily on the kamsarmax segment, which has seen a surge in demand. This trend indicates a growing confidence in the shipbuilding sector as companies like Shandong Ocean Shipping look to modernize their fleets and enhance their competitive edge in the maritime logistics market.
The new vessels are expected to play a crucial role in meeting the increasing demand for dry bulk transportation. As global trade continues to evolve, the need for efficient and reliable shipping solutions becomes paramount. Shandong Ocean Shipping’s investment in these newbuilds positions the company to better serve its clients and adapt to changing market conditions.
