CMES(SH:601872) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-18 04:20Core Viewpoint - The company has successfully delivered the world's first large car carrier equipped with a methanol dual-fuel power system, enhancing its competitive edge in the automotive roll-on/roll-off shipping market [1][2]. Group 1: New Ship Delivery - On September 17, 2025, the company received the "Gangrong" vessel, a 9300CEU methanol dual-fuel power roll-on/roll-off ship, in Nantong, Jiangsu Province [1]. - This vessel is the first of two 9300CEU and four 7800CEU methanol dual-fuel power roll-on/roll-off ships ordered in 2023 [1]. - The dual-fuel system allows for flexible switching between traditional fuel and methanol, meeting the highest emission standards set by the International Maritime Organization (IMO) Tier III, and can reduce greenhouse gas emissions by over 70% when using green methanol [1]. Group 2: Market Position and Fleet Improvement - The "Gangrong" series of vessels will significantly improve the company's roll-on/roll-off fleet structure and enhance its capacity to serve customers, especially as Chinese automotive companies accelerate their international expansion and the export of new energy vehicles grows rapidly [2]. - As of the announcement date, the company operates a total of 19 roll-on/roll-off vessels, including 8 on the Yangtze River, 4 coastal vessels, and 7 ocean-going vessels [2]. - The company has 5 vessels on order, including 1 9300CEU and 4 CEU methanol dual-fuel power roll-on/roll-off ships, which are expected to be operational between the second half of 2025 and 2026 [2].