Hengli Group has signed three major cooperation agreements with the Dalian Municipal People’s Government, advancing an ambitious expansion that spans shipping, marine power systems and advanced materials.
At the center of the package is the creation of Dalian Shipping Co., Ltd., established under a framework agreement involving Hengli, provincial and municipal state-owned asset platforms, and Singaporean companies.
The new shipping company will focus on fleet development, port investment, and the construction and operation of shipping-related assets. Through a mix of newbuilding orders and chartered tonnage, Dalian Shipping aims to rapidly expand transport capacity, build an integrated domestic and international bulk-focused fleet, and develop a global route network. Hengli says the company will support more efficient port and shipping services for Northeast China and eastern Inner Mongolia.
It also plans deeper cooperation with Dalian on port resource development and specialized terminal operations, with the goal of improving integration and strengthening the competitiveness of Liaoning’s port cluster and the broader Northeast Land-Sea Trade Corridor.
Alongside the shipping venture, Hengli will move ahead with two new industrial projects on Changxing Island: a Ship Power System Industrial Park and a Polyester New Materials Industrial Park. Combined, the two projects represent around RMB16.5 billion in investment.
The marine industrial park will focus on critical supporting industries such as marine engines, aiming to close gaps in the core power supply chain for Dalian’s and Liaoning’s shipbuilding sector and improve industrial self-reliance across the maritime equipment chain.
The polyester new materials project will leverage feedstock advantages from the Changxing Island Petrochemical Industrial Base to expand further downstream into high-end polyester and other advanced material products, helping move the petrochemical industry toward more value-added fine chemicals.
Hengli said the projects build on an already substantial footprint in the area. The group has invested RMB360 billion in Dalian Changxing Island, creating an industrial ecosystem that combines green petrochemicals, high-end shipbuilding, and offshore engineering equipment manufacturing.
Once operational, the two new industrial parks are expected to strengthen Liaoning’s capacity to supply key shipbuilding and offshore engineering components while improving innovation and self-sufficiency in high-end new materials.
