招商轮船：卡姆萨型干散货船新船交付

Core Viewpoint - The company has received its first of four new energy-efficient Kamsarmax bulk carriers, named "Mingfu," which is expected to enhance its operational capabilities and market competitiveness in the bulk shipping sector [1] Group 1: New Vessel Acquisition - The company received an 82,000 deadweight ton Kamsarmax bulk carrier named "Mingfu" on September 25, 2025, through its wholly-owned subsidiary [1] - "Mingfu" is the first of four new energy-efficient Kamsarmax bulk carriers ordered in 2023, featuring advanced energy-saving designs and equipment [1] Group 2: Operational and Competitive Advantages - The new vessel series has flexible multi-cargo transport capabilities, with a notable specialization in grain transportation [1] - The delivery of "Mingfu" and subsequent vessels will effectively expand the company's owned Panamax fleet and strengthen its capacity to transport key cargoes like grain [1] - The introduction of these new vessels will improve the structural composition and age profile of the company's bulk carrier fleet, enhancing market competitiveness and sustainable profitability [1]