Core Viewpoint - COSCO Shipping Holdings has made a significant investment of approximately 18.8 billion RMB to enhance and expand its fleet by ordering a total of 18 container ships, which includes both LNG dual-fuel and conventional fuel vessels [1][2] Group 1: Investment Details - COSCO Shipping Holdings announced the construction of 12 LNG dual-fuel container ships, each costing 1.399 billion RMB, totaling 16.788 billion RMB for this segment [1] - The new ships are expected to be delivered between 2028 and 2029 and will be utilized on major east-west trade routes, replacing older vessels to optimize cost structures and improve service quality [1] - Additionally, the company has ordered 6 conventional fuel container ships at a price of 330 million RMB each, amounting to a total of 1.98 billion RMB for this order [2] Group 2: Strategic Implications - The investment in LNG dual-fuel engines aligns with global energy-saving and sustainable development strategies, reflecting the company's commitment to environmental responsibility [1] - By increasing the average container capacity per ship, the company aims to reduce per-container costs and enhance operational efficiency [1]

Group 1 - COSCO Shipping Holdings has made a significant investment of approximately 18.8 billion RMB to upgrade and expand its fleet by ordering 18 container ships [1][2] - The company has signed contracts for 12 LNG dual-fuel container ships, each costing 1.399 billion RMB, with a total investment of 16.788 billion RMB, expected to be delivered between 2028 and 2029 [1][3] - The new vessels will replace older ships, optimize cost structures, and enhance service quality while adhering to global energy-saving and sustainable development strategies [3][4] Group 2 - The shipbuilding contracts are with Jiangnan Shipyard and China Shipbuilding Trading Company, both subsidiaries of China Shipbuilding Group [2][3] - COSCO Shipping's subsidiary, COSCO Asset, has also ordered 6 conventional fuel container ships for a total of 1.98 billion RMB, with deliveries planned for mid to late 2028 [3][4] - The funding for these investments is expected to be arranged through external financing for up to 60% of the transaction price, with the remainder covered by internal resources if necessary [5]

Core Viewpoint - Company announced the order of 18 container ships with a total investment of RMB 187.68 billion, which includes 12 LNG dual-fuel container ships and 6 conventional fuel container ships [1][4][10] Group 1: Investment Details - The company signed contracts for 12 LNG dual-fuel container ships with a unit price of RMB 13.99 billion, totaling RMB 167.88 billion, expected to be delivered between 2028 and 2029 [1][7] - The company also ordered 6 conventional fuel container ships at a unit price of RMB 3.3 billion, totaling RMB 19.8 billion, with delivery planned between June and December 2028 [4][10] Group 2: Strategic Implications - The new ships will be deployed on major east-west trade routes to enhance service quality and optimize cost structures [2][8] - The investment aligns with the company's strategy to respond to global green low-carbon initiatives and to develop a clean fuel fleet, supporting the transition to green, low-carbon, and intelligent shipping [2][8] - The addition of 3,000 TEU wide-body ships will provide stable capacity for regional operations, reduce shipping costs, and enhance customer service capabilities in emerging and regional markets [6][12]

Core Viewpoint - COSCO Shipping Holdings (601919) announced the voluntary order of twelve 18,000 TEU container ships to enhance fleet capacity and strengthen its industry position [1] Group 1: Order Details - The order is placed by a subsidiary of COSCO Shipping Holdings with Jiangnan Shipyard (Group) Co., Ltd. and China Shipbuilding Industry Corporation [1] - The expected delivery time for the ships is between 2028 and 2029, with plans to operate them on major east-west trade routes [1] Group 2: Strategic Goals - The new ships are part of COSCO's strategy to achieve global balanced development and reinforce its core competitiveness in the traditional trunk line market [1] - The vessels will be equipped with green fuel technology (LNG dual-fuel engines) to align with global low-carbon initiatives and the trend towards green, low-carbon, and intelligent shipping [1] Group 3: Fleet Optimization - The new order will gradually replace older vessels, helping to optimize the company's fleet structure [1] - The average container capacity per ship will increase, effectively reducing unit costs and enhancing economies of scale [1]

Core Viewpoint - China COSCO Shipping Holdings (中远海控) has announced a significant shipbuilding contract for 12 LNG dual-fuel container vessels, indicating a strategic move towards sustainable shipping solutions and expansion of its fleet [1] Group 1: Transaction Details - The contract was signed on January 13, 2026, between China COSCO's wholly-owned subsidiary, COSCO Asset Management, and Jiangnan Shipyard along with China Shipbuilding Industry [1] - Each vessel is priced at RMB 1.399 billion, leading to a total contract value of RMB 16.788 billion (approximately HKD 18.671 billion) for all 12 vessels [1] - Payments will be made in six installments, with the first five installments covering 50% of the total price, and the final payment due upon delivery of the vessels [1] Group 2: Delivery and Compliance - The vessels are expected to be delivered between 2028 and 2029 [1] - In case of delivery delays or failure to meet technical specifications, the builder is required to deduct corresponding penalties from the final payment [1] Group 3: Financing and Strategic Rationale - The company plans to finance the transaction through internal resources and external financing, not exceeding 60% of the total contract value [1] - The board of directors believes that the terms of the transaction are fair and reasonable, aligning with the overall interests of the company and its shareholders [1]

Core Viewpoint - China COSCO Shipping Holdings (中远海控) has announced a contract for the construction of six 3000 TEU container ships, with a total cost of RMB 1.98 billion, aimed at enhancing fleet capacity and supporting long-term balanced development [1] Group 1: Contract Details - The contract is signed between the buyer, a non-wholly owned subsidiary of the company, and the builder, Zhoushan Shipbuilding [1] - Each ship is priced at RMB 330 million, leading to a total expenditure of RMB 1.98 billion for all six vessels [1] Group 2: Strategic Implications - This transaction will help the company steadily increase its fleet capacity and strengthen its position in the industry, aligning with its global development strategy for container shipping [1] - The new ships are planned for deployment in international regional feeder operations, providing stable capacity and reducing shipping costs [1] - The investment is expected to enhance customer service capabilities in relevant regional markets and create favorable conditions for long-term development in emerging, regional, and third-country markets [1]

中远海控(01919)发布公告，于2026年1月13日，买方(即公司间接非全资附属公司中远资产管理)与建造 商(舟山重工)就建造该等船舶，按基本上相同的条款订立该等造船合约订造六艘3000 TEU型集装箱船， 每艘船舶的代价为人民币3.3亿元，全部该等船舶之总价格为人民币19.8亿元。 本次交易有助于集团稳步提升船队运力规模、实现长期均衡发展、进一步巩固行业地位，符合集团集装 箱航运业务全球化发展战略。该等船舶交付后，计划投入国际区域支线运营，可为相关航线提供稳定的 运力保障，降低船舶成本;有利于集团提升在相关区域市场的客户服务能力，发挥双品牌核心竞争优 势，为实现在新兴市场、区域市场和第三国市场的长远发展创造有利条件。 ...

Core Viewpoint - China COSCO Shipping Holdings (中远海控) has announced a contract for the construction of six 3,000 TEU container ships, indicating a strategic move to expand its fleet capacity and enhance operational capabilities [1] Group 1: Contract Details - The contract was signed between the buyer, a non-wholly owned subsidiary of the company, and the builder, Zhoushan Shipbuilding Industry [1] - Each vessel is priced at RMB 330 million, equivalent to approximately HKD 370 million [1] - The total cost for all six vessels amounts to RMB 1.98 billion, or about HKD 2.2 billion [1]

本集团已向数间造船厂(包括江南造船及两间造船厂)索取建造该等船舶的基础报价。基于本集团对价 格、技术能力和交付时间表的评估，在已收到的报价中以江南造船提供的整体要约条件为最优，因为彼 等较其他造船厂能更早完成交付，因此船舶交付时间表更符合本集团的战略规划，江南造船相比另外两 间造船厂的技术能力及配套更能完全满足本集团船舶的技术参数需求;及即使彼等的价格与本集团于报 价过程中取得的其他造船厂的价格中处于中位数水平，但仍与最低报价基本相若。 本集团知悉该造船交易存在潜在风险，包括融资风险及航运市场波动。鉴于本集团近年相对强劲的营运 现金流及低债务水平;本集团战略性部署船舶(包括该等船舶)以应对不断转变的市场形势;及未来可根据 市场情况灵活延长或终止部分本集团船舶租赁以调整运力，认为该造船交易的相关风险敞口合理且可 控。 该等船舶交付后，本集团的固定资产将会增加而流动资产将会减少，以及长期负债将会增加，惟须视乎 合约价格由内部资源与外部融资的比例而定。就用以说明及仅作举例而言，倘本集团分别以内部现金资 源及外部融资清偿总代价的40%及 60%，本集团的流动资产(即现金及银行结余)将减少人民币67.15亿元 (即人民 ...

Core Viewpoint - The company has entered into a shipbuilding contract for 12 LNG dual-fuel container ships, which will enhance fleet capacity and support long-term balanced development, aligning with its global shipping strategy [1] Group 1: Shipbuilding Contract Details - The contract involves a total price of RMB 167.88 billion (approximately HKD 186.71 billion), with each ship costing RMB 13.99 billion (approximately HKD 15.56 billion) [1] - The ships are intended for operation on major east-west trade routes, aiming to improve service quality and optimize cost structures [1] Group 2: Environmental and Technological Considerations - The new ships will utilize green fuel technology (LNG dual-fuel engines), reflecting the company's commitment to energy conservation and sustainable development [2] - The introduction of these ships will gradually replace older vessels, optimizing the fleet structure and increasing average container capacity, which will lower per-container costs and enhance economies of scale [2] Group 3: Risk Management and Financial Implications - The company acknowledges potential risks associated with the shipbuilding transaction, including financing risks and market fluctuations, but believes these risks are manageable due to strong operational cash flow and low debt levels [3] - Following the delivery of the ships, fixed assets will increase while current assets will decrease, and long-term liabilities will rise, depending on the financing structure [3] - The company anticipates that the new ships will contribute to revenue generation through core business operations, enhancing operational efficiency and long-term profitability [3]