Core Viewpoint - The completion of the "NOCC PACIFIC," the world's first LNG dual-fuel car carrier compliant with new international standards for transporting electric vehicles, marks a significant milestone in the collaboration between CIMC Raffles and Norwegian Car Carriers (NOCC) [1][2]. Group 1: Vessel Specifications and Innovations - "NOCC PACIFIC" measures 199.9 meters in length, 38 meters in width, with a design draft of 8.6 meters and a speed of 19 knots, capable of carrying 7,000 vehicles [1]. - The vessel is equipped with two C-type LNG tanks and dual-fuel engines, achieving zero emissions during port operations [1]. - The construction process utilized a new method that reduced hull deformation by over 15%, enhancing construction precision and shortening the build cycle [1]. Group 2: Industry Standards and Safety - In response to the surge in global electric vehicle shipping and associated safety challenges, the International Maritime Organization (IMO) has mandated that classification societies develop specific safety standards, set to be enforced from January 2026 [2]. - The "NOCC PACIFIC" has proactively incorporated DNV's "F (EV)" compliance design, making it the first car carrier to meet these new safety standards, thus providing a safety model for international electric vehicle maritime transport [2]. Group 3: Company Positioning and Future Prospects - CIMC Raffles has established itself as a leading builder of car carriers, having signed multiple contracts with various shipping companies, including Wallenius Lines and Zodiac Group [2]. - "NOCC PACIFIC" is the 15th car carrier delivered by CIMC Raffles and the 7th scheduled for delivery from the Longkou base by 2025, reinforcing the company's capacity for mass delivery in the PCTC sector [2]. - NOCC's CEO highlighted the vessel as a representation of cutting-edge technology and acknowledged CIMC Raffles' construction quality, indicating a strong future collaboration [3].

Core Viewpoint - The event "Promoting Green Innovation Cooperation and Building a Green Silk Road" highlighted China's commitment to green low-carbon development and its collaborative efforts with global partners, particularly in South America, to address climate change challenges [1][4]. Group 1: China's Green Development Initiatives - China has accumulated systematic experience in promoting green low-carbon development and has established effective cooperation pathways [1][4]. - The China Ocean Shipping Group (COSCO) aims to lead the shipping industry's green transformation and collaborate with various stakeholders to advance the Green Silk Road [1][4]. Group 2: Key Areas of Cooperation - COSCO emphasizes five key areas for deepening cooperation with global partners: 1. Connecting green supply chain networks 2. Researching green innovation technologies 3. Building green energy systems 4. Constructing smart green ports 5. Expanding green development ecosystems [4]. Group 3: Case Study - Chancay Port - Chancay Port in Peru, a key project under the Belt and Road Initiative, has become South America's first smart green port, achieving full-process intelligent management from ship docking to yard operations [4]. - Within just one year of opening, Chancay Port has rapidly grown to become Peru's third-largest port, with increasing throughput and export capacity [4].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CIMC Enric Holdings Limited 中集安瑞科控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：3899） 自願公告 2025年第三季度及截至2025年9月30日止九個月 的未經審核核心數據 財務摘要 | | | 截 至9月30日止九個月 | | | 7月1日 至9月30日止三個月 | | | --- | --- | --- | --- | --- | --- | --- | | | 2025年 | 2024年 | 變 動 | 2025年 | 2024年 | 變 動 | | | （未經審核） | （未經審核） | % | （未經審核） | （未經審核） | % | | （人民幣百萬元） 收 益 | 19,348 | 17,969 | 7.7% | 6,734 | 6,489 | 3.8% | | （人民幣百萬元） 淨利潤 | 794 | 708 | 12.2% | 213 ...

Core Viewpoint - Shanghai is accelerating its goal to become an international shipping center, with significant advancements in the capabilities of its port cluster and a focus on digitalization, intelligence, and green transformation [1][2]. Group 1: International Shipping Center Development - The construction of the Shanghai International Shipping Center has achieved significant advancements in shipbuilding, port operations, transportation capacity, and green standards [2]. - Shanghai is a key shipbuilding base in China, leading in high-end LNG ship manufacturing, representing a critical breakthrough towards high-tech, high-value, and low-carbon transformation in the shipbuilding industry [2]. - The automation of the Yangshan Port's fourth phase has significantly improved operational efficiency while reducing energy consumption and carbon emissions, establishing a global model for "unmanned, intelligent, and low-carbon" ports [2]. Group 2: Global Cooperation and High-End Services - The international shipping center's advancement relies on extensive global cooperation, with Shanghai actively developing transoceanic green shipping routes in collaboration with major international ports like Los Angeles and Hamburg [2]. - High-end shipping services are identified as the core soft power and key indicators of the international shipping center, with a focus on enhancing shipping finance, insurance, legal, and arbitration services [2]. Group 3: Green Development and Carbon Neutrality - The shipping industry's green transformation is crucial for achieving China's carbon neutrality goals, as the transportation sector contributes significantly to carbon emissions, with shipping being a major component [3]. - The International Maritime Organization (IMO) is promoting a legally binding framework for net-zero emissions by 2050, which could drive global shipping's green development [3]. Group 4: Alternative Fuels and Digital Transformation - A transformation in fuel types is occurring in the shipping sector, with five main alternative energy pathways being promoted: LNG, methanol, ammonia, hydrogen, and batteries [4]. - LNG is currently the most widely used alternative energy, but its carbon reduction effect is not ideal; hydrogen and ammonia show promise but face safety and economic challenges [4]. - Digital transformation is recognized as a key factor in shaping the global shipping center landscape, with China leading in smart port construction and advancements in ship design, manufacturing, and operational management [5].

Core Viewpoint - The article emphasizes the urgent need for enhanced air pollution control measures in China's shipping industry, particularly focusing on the significant contributions of ship emissions to overall air pollution and the challenges posed by aging vessels and outdated emission standards [1][2][3]. Group 1: Current Situation of Ship Emissions - Ship emissions in China are substantial, with nitrogen oxides (NOx) emissions exceeding 1.6 million tons in 2023, accounting for approximately 17% of total mobile source NOx emissions, primarily concentrated in the Yangtze River basin [2]. - The global shipping industry emits around 1 billion tons of greenhouse gases annually, representing over 10% of total emissions from the transportation sector [2]. - The aging fleet is a critical issue, with an average ship age of over 15 years in the Yangtze River basin, and 30% of vessels exceeding 20 years, which is above the international warning line of 12 years [2]. Group 2: Challenges in Emission Standards - Current emission standards for ship engines in China are lagging behind international benchmarks set by the EU and the US, indicating a need for modernization [3]. Group 3: Recommendations for Improvement - The industry should enhance the energy structure of ships by implementing policies and financial incentives to phase out older vessels and increase the use of clean energy in new builds [4]. - There is a need to accelerate the update of ship emission standards to align with international norms, including stricter limits on particulate matter and nitrogen oxides, and the introduction of new monitoring technologies [4]. - Improving the regulatory framework for ship emissions is essential, which includes establishing a closed-loop system for monitoring, controlling, and managing emissions, as well as enhancing regional cooperation and information sharing [4].

Group 1: Trade Performance - In the first half of the year, China's total goods trade value reached 21.79 trillion yuan, a year-on-year increase of 2.9%, with exports at 13 trillion yuan (up 7.2%) and imports at 8.79 trillion yuan (down 2.7%) [1] - In June, the trade scale reached 3.85 trillion yuan, a year-on-year increase of 5.2%, with exports at 2.34 trillion yuan (up 7.2%) and imports at 1.51 trillion yuan (up 2.3%) [1] Group 2: Shipping Market Response - The strong resilience and vitality of China's foreign trade have translated into increased demand in the shipping market, leading to significant gains in the Hong Kong shipping and port sectors since April [1] - Notable stock price increases from April lows to recent highs include China COSCO Shipping (up 35.4%), Seaspan Corporation (up 82.9%), and Yang Ming Marine Transport (up 233%) [1] Group 3: Market Sentiment and Tariff Impact - In June, the shipping sector experienced a period of consolidation, with tariff policy changes significantly affecting market sentiment [2] - The announcement of new tariffs by Trump on products from over 20 countries raised doubts about the sustainability of shipping demand, leading to declines in several shipping stocks [2] Group 4: Capital Flows and Stock Performance - Despite tariff uncertainties, there was a notable increase in southbound capital supporting the shipping sector, with significant increases in holdings of China COSCO Shipping and China COSCO Energy by southbound funds [3][4] - As of July 11, the holdings of China COSCO Shipping increased from 8.86 billion shares (29.81%) to 9.99 billion shares (34.68%) [4] Group 5: Market Dynamics and Future Outlook - The shipping sector's outlook remains positive, with the Shanghai International Shipping Research Center reporting a shipping prosperity index of 120.81 points for Q2 2025, indicating a favorable market environment [13] - The global economic recovery and increasing international trade volumes are expected to further boost demand for shipping services, particularly with China's trade with Belt and Road countries reaching 11.29 trillion yuan, a 4.7% increase [14][15] Group 6: Structural Changes and Innovations - The shipping industry is actively optimizing its structure, with major companies focusing on matching capacity with demand to avoid oversupply [15] - Environmental regulations and technological advancements are driving the industry towards greener practices and digital transformation, enhancing operational efficiency and long-term competitiveness [15][16]

Core Viewpoint - The recent release of the "Safety Inspection Guidelines for Methanol Bunkering Operations" by the Shenzhen Maritime Bureau and Qianhai Management Bureau aims to establish a standardized reference for methanol fuel bunkering in the waters of Shenzhen and Hong Kong, promoting regional cooperation in green fuel bunkering and laying a solid foundation for building a global center for marine green fuel bunkering [1][2]. Group 1 - The guidelines received support from the Hong Kong Marine Department and will serve as a technical reference for methanol fuel bunkering operations in both regions [1]. - The global shipping industry is experiencing a surge in methanol-powered vessel orders, with approximately 25% of the 285 new alternative fuel vessels scheduled for delivery in 2025 utilizing methanol fuel [1]. - The ability to bunk green fuels is becoming a critical indicator of international port competitiveness [1]. Group 2 - The Ministry of Transport has issued opinions to support the development of a coordinated and innovative model for the modern shipping industry in the Qianhai cooperation zone, emphasizing the promotion of bunkering for liquefied natural gas (LNG) and methanol [1]. - Shenzhen has made significant progress in the field of green fuel bunkering, having already achieved ship-to-ship LNG bunkering [2]. - The guidelines were developed in collaboration with the Ministry of Transport's Scientific Research Institute, ensuring consistency in safety operation references for methanol-powered vessels and bunkering personnel between Shenzhen and Hong Kong [2].