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Hengli Heavy Reports 207 Orders and 380-Ship Backlog

Hengli Heavy Industries received 207 vessel orders in the first half of 2026, with its backlog reaching about 380 ships through 2030 and production running at about seven ships per month.
Photo credit: Hengli Heavy Industries

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Hengli Heavy Industries received 207 vessel orders in the first half of 2026, taking its order backlog to about 380 ships extending through 2030.

The Chinese shipbuilder disclosed the figures in its latest quarterly report, released on 24 August 2026. Its first-half order intake was nearly twice the number of vessels ordered during the whole of 2025, while current production stands at about seven ships per month.

Tankers and containerships accounted for around three-quarters of the orders. The mix reflected demand patterns as well as the yard’s activity in batch series construction and on-spec vessel building.

Hengli Heavy Industries is also investing in infrastructure and workforce expansion as it seeks to increase production capacity and create additional shipbuilding slots. According to eWorldShip, the company aims to recruit another 100,000 people by the end of 2026, in addition to its existing workforce of 110,000.

The company recorded higher financial results in the first half, with revenue rising 250%. Net profit increased 450% to about $540 million.

The shipyard’s history dates to 2006, when Korean conglomerate STX established the facility as STX Dalian. The downturn in the following decade resulted in bankruptcy by 2015. Operations did not resume until after Hengli Group acquired the idle yard in 2022.

Under its new ownership, the shipyard restarted operations in 2023. Hengli Group subsequently took the shipyard business public during 2024-25 by selling the unit to Shanghai-listed Guangdong Songfa Ceramics Co. Ltd., a consumer tableware company.

Hengli Heavy Industries stock trades under the Songfa name.

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.
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