Core Viewpoint - The company has received the second of four eco-friendly heavy-lift multipurpose vessels, named "Mingshi," which enhances its fleet and competitive capacity in the dry bulk shipping market [1][2]. Group 1: Vessel Delivery - On July 10, 2025, the company accepted the "Mingshi" vessel, which has a deadweight tonnage of 62,000 tons and is part of a series of energy-efficient multipurpose ships ordered in 2023 [1]. - The "Mingshi" vessel is equipped with three 150-ton cranes and is designed with a new generation of green technology [1]. Group 2: Fleet Expansion - The addition of the "Mingshi" vessel will effectively expand the company's multipurpose fleet and enhance its customer service capabilities [1]. - The company currently operates 102 vessels in its dry bulk shipping segment, including 6 heavy-lift multipurpose vessels, with 16 vessels on order [2]. Group 3: Market Context - The delivery of the "Mingshi" vessel comes at a time when the global dry bulk fleet is aging and facing structural shortages in capacity, positioning the company to strengthen its cargo carrying capabilities and competitiveness in niche markets [1].