In July 2022, Hengli Heavy Industries acquired the assets of STX Dalian Shipbuilding for 2.11 billion yuan. By June 2026, the shipbuilder had accumulated at least 395 confirmed orders—equivalent to 12.2 million compensated gross tonnage(CGT)—within just four years, successfully ranking among the world’s largest private shipbuilders. According to Hengli Heavy Industries’ publicly released site map, vast arrays of giant gantry cranes are in continuous operation, representing a scale of production capacity rarely seen anywhere in the world.
In 2024, Hengli Heavy Industries began delivering its first commercial vessel orders, with the lead vessel—a 61,000 DWT bulk carrier—delivered more than 40 days ahead of the original schedule. Hengli Heavy Industries’ true capacity expansion will begin in the second half of 2026, with expected deliveries surging from 17 vessels in 2025 to approximately 80 in 2026 (with about 20 already delivered this year), approximately 120 in 2027, and at least 160 in 2028.