Since the beginning of 2026, numerous listed companies have secured substantial shipbuilding contracts. Many of these firms anticipate a doubling of their attributable net profit for the first half of the year, with one company potentially earning between 1.533 billion and 1.833 billion yuan per month.

Orders Stretch to 2029 as Titan Wind Energy(Suzhou)Co.,Ltd. (SZ: 002531) Secures 1.87 Billion Yuan Tanker Contract

On July 21, Titan Wind Energy(Suzhou)Co.,Ltd. (SZ: 002531) announced that a subsidiary of an internationally renowned shipowner has placed an order with the company's wholly-owned offshore engineering subsidiary for 2+2 113,800 DWT crude oil tankers. The contract comprises two firm vessels and two optional vessels. The total contract value is approximately 1.874 billion yuan, with the two firm vessels accounting for about 937 million yuan and the two optional vessels for another 937 million yuan.

Each vessel will have an overall length of about 248.80 meters, a breadth of about 44 meters, and a depth of about 21.50 meters. Delivery is scheduled to occur in batches between 2028 and 2029.

Titan Wind Energy(Suzhou)Co.,Ltd. stated that this contract marks its first entry into another mainstream, high-end offshore vessel type, following its work on FPSO and FSO vessels. This move further strengthens the company's dual-core offshore business strategy, which combines "offshore wind power equipment" with "oil and gas vessels."

Earlier in May, the company's offshore engineering subsidiary also secured a contract for the construction of one FPSO hull, valued at approximately 568 million yuan. An FPSO is a large-scale, integrated offshore oil production facility and represents a mainstream method for offshore oil and gas field development. This particular vessel is expected to be delivered in 2027.

Regarding its shipbuilding operations, Titan Wind Energy(Suzhou)Co.,Ltd. has designated its phase I and II bases in Sheyang, Jiangsu, and its phase I base in Tongzhou Bay for ship and offshore engineering construction. The Sheyang base focuses on block and section manufacturing, while the Tongzhou Bay base handles final assembly, commissioning, and delivery. The synergy between these bases is expected to significantly enhance annual construction and delivery capacity for oil and gas projects and specialized vessels. In 2025, the company's offshore engineering business generated revenue of 1.374 billion yuan.

It is noteworthy that as demand for offshore wind turbine installation vessels outpaces supply, domestic wind power companies are increasingly entering the shipbuilding sector. Titan Wind Energy(Suzhou)Co.,Ltd. is a prime example. In 2025, the company's onshore wind equipment revenue was 2.454 billion yuan, and its wind farm sales revenue was 1.317 billion yuan. For the first half of 2026, the company expects attributable net profit to reach between 78.2 million and 110 million yuan, representing year-on-year growth of 45.29% to 103.44%.

Global Leadership in Three Key Metrics: Listed Shipbuilders Enjoy Strong Order Flow

According to preliminary statistics from global shipping research firm Clarksons, from January to June 2026, China's shipbuilding industry maintained its global leadership across three key indicators. Ship completions reached 37.99 million deadweight tons, new orders amounted to 109.01 million deadweight tons, and the order backlog stood at 401.76 million deadweight tons. These figures account for 63.3%, 80.9%, and 73.3% of the world's total, respectively.

At the company level, several listed shipbuilders have secured shipbuilding contracts worth billions of yuan this year, with some expecting a doubling of their first-half attributable net profit.

China Cssc Holdings Limited (SH: 600150) disclosed that its wholly-owned subsidiary, Dalian Shipbuilding Industry Co., Ltd., in conjunction with China Shipbuilding Trading Co., Ltd., signed a contract in March 2026 with a domestic shipowner for the construction of 10 Very Large Crude Carriers (VLCCs). Additionally, a contract for 12 9200 TEU container ships with a well-known shipowner became effective in April 2026. The contract values are approximately 8-9 billion yuan and 9 billion yuan, respectively, with deliveries scheduled from 2028 to 2030.

For the first half of 2026, China Cssc Holdings Limited expects attributable net profit to reach between 9.2 billion and 11 billion yuan, a year-on-year increase of 143.56% to 191.21%. This translates to a potential monthly profit of approximately 1.533 billion to 1.833 billion yuan during the period. The company stated that it currently has a robust order backlog and full production schedules. During the reporting period, its order structure further optimized, with increases in the number of delivered commercial vessels, the proportion of mid-to-high-end ship types, and the average price per vessel, leading to improved operating performance.

Jianglong Shipbuilding Co.,Ltd. (SZ: 300589) signed a contract on May 12, 2026, with THONG YONG OFFSHORE PTE LTD. for two offshore vessels, with a total contract value of $18.4 million (approximately 126 million yuan), representing 17.92% of the company's audited operating revenue for 2025. The first vessel is scheduled for delivery by September 15, 2027, and the second by December 15, 2027.

Furthermore, on May 28, 2026, the company's wholly-owned subsidiary, Jianglong Shipbuilding International Limited, signed separate contracts with PHOENIX PTE.LTD. and PHOENIX TWO PTE. LTD. The combined value of these two contracts is $27.14 million (approximately 185 million yuan), accounting for 26.36% of the company's 2025 audited revenue. The contracts are for two anchor handling tug/supply vessels, with the first to be delivered no later than September 30, 2027, and the second no later than November 30, 2027.

Cssc Offshore&Marine Engineering(Group)Company Limited (SH: 600685) disclosed in February 2026 that its controlling subsidiary, CSSC Huangpu Wenchong Shipbuilding Co., Ltd., signed a contract with EVERGREEN MARINE (ASIA) PTE. LTD. for the construction of 16 feeder container ships. The total transaction value ranges between $736 million and $896 million. Delivery of this series is planned from 2028 to 2030 or earlier.

For the first half of 2026, Cssc Offshore&Marine Engineering(Group)Company Limited expects attributable net profit to be between 790 million and 890 million yuan, representing a year-on-year increase of 50.08% to 69.08%. The company attributed this performance to the sustained high prosperity of the shipbuilding industry, continuous optimization of its order structure, and ample production tasks. It also cited the deepening of lean production management, leveraging serialized and batch construction advantages to improve overall operational efficiency and increase product gross margins. Additionally, the operating performance of associated enterprises significantly improved, and dividend levels from equity-accounted investees steadily increased, leading to a substantial year-on-year rise in recognized investment income.