China's Dajin Heavy Lands Order for Two More Large Bulk Carriers Worth USD153 Million(Yicai) May 12 -- Dajin Heavy Industry, a major Chinese supplier of offshore wind turbine foundations, said it has secured an order for two large bulk carriers worth about USD153 million from a Greek client after landing its first-ever orders for such vessels last month.
Dajin Heavy will build the two carriers, each of 211,000 deadweight tonnage, for a subsidiary of a Greek shipowner, the Beijing-based firm said in a stock exchange filing late yesterday. Both ships are scheduled to be delivered in 2029.
The client is a leading Greek shipping and ship management company, focused on dry bulk, container, and tanker operations, Dajin Heavy said, noting that the pair have no prior cooperation.
The new deal signifies further recognition of Dajin Heavy's cargo shipbuilding capacity by international clients, the company noted. Long focused on manufacturing offshore wind power equipment, the firm started building ships after its base in Panjin, a coastal city in China's Liaoning province, was completed and began operating in 2023.
On April 23, Dajin Heavy secured orders for eight 210,000 DWT bulk carriers in two deals with European clients worth about USD591 million, which also marked its entry into Europe's shipbuilding market. One order was worth about USD294 million and the other USD297 million.
Shares of Dajin Heavy [SHE: 002487] ended down 2.1 percent at CNY83.21 (USD12.25) apiece in Shenzhen today. However, the stock has surged more than 60 percent since the end of last year, continuing an upward trend started in September 2024.
Editor: Martin Kadiev