Capital Maritime Orders 11 VLCCs at Hengli Heavy Industry in China

total contract value estimated between $1.7 billion and $2 billion. The Capital group is expected to pay around $1.4 billion for its share, contracting the vessels through single-ship companies under Capital Ship Management. The remaining four VLCCs will go to an undisclosed European owner. This order strengthens Hengli's reputation among Greek shipowners and further expands Capital's diverse shipping portfolio. Deliveries will extend into the latter part of the decade, underscoring Capital's positive outlook on crude trade and Hengli's growing presence in the supertanker market.