Hengli Heavy Industries Seals $470m Deal for Up to Four VLCCs with European Shipowner

widely believed to be linked to John Fredriksen’s tanker giant Frontline, though Hengli did not officially disclose the buyer. The vessels, designed in-house by Hengli, will feature enhanced energy efficiency and lower carbon emissions, complying with the latest international regulations. This agreement follows Hengli’s recent delivery of its first self-developed VLCC, the Aliakmon I, and comes as Hengli Group continues to expand its presence in the large crude carrier market. According to Clarksons data, Hengli Group currently has 13 VLCCs on order at its Dalian yard, including the four units now associated with Frontline.