The Chinese shipbuilder has signed for two 78-metre offshore supply vessels, taking three disclosed offshore vessel contracts signed since May to six ships worth a combined $85.52 million. The latest buyer remains confidential.

Jianglong Shipbuilding has secured a $39.98 million contract for two 78-metre multipurpose offshore supply vessels, extending a run of offshore ship orders scheduled for delivery across 2027 and 2028.

The Shenzhen-listed company said on September 29 that the first vessel is due by June 19, 2028, and the second by August 18, 2028. The price covers both ships and excludes owner-furnished equipment. Payments will be made in stages as construction progresses.

Jianglong withheld the customer’s identity under a commercial confidentiality exemption. The filing says the buyer is unrelated to the company, but provides no basis for identifying its country, end operator or intended offshore project. It also gives no deadweight, propulsion or equipment specifications for the new vessels.

Six offshore vessels contracted since May

The latest deal follows two separately disclosed contracts earlier this year.

In May, Jianglong signed a $18.4 million agreement with THONG YONG OFFSHORE PTE LTD. for two offshore vessels scheduled for delivery in September and December 2027. Later that month, wholly owned Jianglong Shipbuilding International Co., Ltd. contracted two anchor-handling, towing and supply vessels with PHOENIX ONE PTE. LTD. and PHOENIX TWO PTE. LTD. The second pair, worth $27.14 million, is due by the end of September and November 2027 respectively.

Together with the September order, those three contracts cover six vessels and total $85.52 million. They represent distinct designs and agreements, rather than a single fleet order. Jianglong’s company materials identify the Phoenix vessels as SSG65 anchor-handling tug supply ships, which combine towing and anchor work with offshore supply duties. The new 78-metre vessels’ detailed capabilities have yet to be disclosed.

Jianglong, based in Guangdong province, builds patrol craft, passenger vessels and specialised workboats as well as offshore support tonnage. Its widening offshore contract pipeline will test its ability to execute different vessel types over overlapping construction schedules. That is an assessment of the disclosed delivery programme, not a forecast of earnings from the individual contracts.

Orders are growing; margins remain the test

The September contract is equivalent to 38.35% of Jianglong’s audited 2025 revenue at the exchange rate used in its filing. The company said signing it would have no material effect on its 2026 results, while successful performance could benefit future reporting periods.

Jianglong reported RMB710 million ($105 million) of new orders, excluding tax, in the first half of 2026, up 243% year on year. Its orderbook stood at RMB1.655 billion, excluding tax, on June 30. First-half revenue rose 45.21% to RMB505 million, although the company recorded a RMB15.65 million net loss attributable to shareholders. It cited low margins on some first-of-class vessels and losses at an associate among the factors weighing on profit.

The June orderbook is a dated, tax-exclusive figure; it should not be updated by simply adding the September contract’s dollar value. Another sizeable August agreement—$87 million for a batch of 40-metre workboats—has a separate condition requiring receipt of the first instalment before it takes effect. The company did not disclose a vessel count for that batch, which is therefore excluded from the six-vessel offshore tally.

For the newest contract, the commercial questions remain the buyer’s identity, the vessels’ final employment and how construction costs and staged payments develop before delivery in 2028.