On August 5, 2026, Dajin Heavy Industry Co., Ltd. (大金重工股份有限公司) announced that its subsidiary, Tangshan Dajin Offshore Marine Engineering Co., Ltd. (唐山大金海工海洋工程有限公司), had signed contracts with a Norwegian shipowner to build two 211,000-deadweight-ton bulk carriers. The contracts are worth approximately CNY 1 billion, with the vessels scheduled for delivery in batches in 2029.
Each vessel will measure approximately 299.95 meters in length, 50 meters in width and 25 meters in depth. Tangshan Dajin will be responsible for the design, construction, sea trials and delivery, while payments will be made in stages according to manufacturing milestones. Dajin classified the agreements as routine operating contracts that do not require approval from its board or shareholders.
The Norwegian customer operates its own fleet and is involved in newbuilding investment, secondhand vessel trading, long-term chartering and offshore engineering projects. Dajin said it had completed similar transactions with the shipowner during the past three years, making the latest order an extension of an established relationship rather than a first-time cooperation.
Dajin Heavy Industry, listed in both Shenzhen and Hong Kong, is best known as a manufacturer of offshore wind foundations, towers and other marine structures. In recent years, it has expanded into heavy marine transportation, ship design and vessel construction, seeking to develop from an equipment manufacturer into an integrated offshore engineering and logistics provider.
The new order strengthens Dajin’s position in commercial shipbuilding, particularly in the construction of large dry-bulk vessels for international owners. It also follows several bulk-carrier contracts secured from European customers in 2026, showing that shipbuilding is becoming a more substantial part of the company’s overseas business.
For Dajin, the contract demonstrates how capabilities developed in offshore wind manufacturing can be extended into adjacent marine industries. However, the company noted that the long construction cycle, foreign-currency settlement and potential changes in shipping and shipbuilding markets could affect the timing and final value of recognized revenue.