NCT Enters Ro-Ro Vessel Partnership to Strengthen Earnings Visibility and Carbon Neutral Fleet Strategy

Core Viewpoint - Intercont (Cayman) Limited has announced a strategic partnership with CINCO INTERNATIONAL HONGKONG LIMITED to enhance its shipping segment and deliver stable, multi-year cash flow while aligning with the industry's shift towards low-carbon operations [1][2]. Company Overview - Intercont (Cayman) Limited is a global carbon-neutral shipping company focused on providing efficient and environmentally friendly transportation solutions through innovative business models and technology [8]. - CINCO INTERNATIONAL HONGKONG LIMITED is recognized for its operational excellence in the ro-ro shipping sector, which is crucial for the partnership's success [2]. Partnership Details - The partnership aims to expand NCT's shipping segment in response to rising market demand, particularly in the context of new energy vehicles and cross-border e-commerce [5]. - The transaction is expected to generate approximately US$118.25 million in cumulative contract revenue and an estimated net profit of US$88.96 million [6]. Industry Context - Ro-ro vessels are designed for transporting automobiles and wheeled cargo, offering a low-carbon, high-efficiency solution that significantly reduces energy use compared to conventional cargo ships [3]. - The global shipping industry is transitioning towards low-carbon operations, with ro-ro vessels positioned to meet the increasing demand for rapid transportation solutions [5]. Environmental Impact - Ro-ro shipping features advanced technologies such as LNG dual-fuel engines and onboard solar panels, which can reduce sulfur oxide and CO₂ emissions by approximately 30% per voyage [3]. - The partnership enhances NCT's commitment to executing its carbon-neutral strategy while providing diversified green transport solutions [7].