SONGFA(SH:603268) Ge Long Hui A P P·2025-12-23 09:15Core Viewpoint - *ST Songfa has signed contracts for the construction of 8 vessels with a total contract value of approximately $200-400 million, effective December 23, 2025 [1] Group 1: Vessel Contracts - The contracts include Capesize bulk carriers, which are core vessels in the international dry bulk shipping market, offering significant scale transport advantages, strong endurance, and superior economic efficiency [1] - The Capesize design integrates route versatility and cargo adaptability, efficiently compatible with major global bulk cargo port loading and unloading facilities, meeting the transoceanic transport needs for iron ore and coal [1] - The contracts also include 6000 TEU container ships, which are mainstream medium-sized container vessels characterized by large loading capacity, stable sailing speed, and high operational efficiency [1] Group 2: Industry Trends - The Capesize bulk carriers align with the global trend towards larger and greener bulk fleets, serving as a benchmark vessel type [1] - The 6000 TEU container ships are designed to meet the latest international container ship design concepts, addressing current market demands for large-scale and low-carbon transportation [1]