Financial Data and Key Metrics Changes - The company reported a net profit of $1,100,000 for Q2 2025, down from $6,900,000 in Q2 2024, with earnings per share decreasing from $0.16 to $0.02 [8] - Adjusted EBITDA for Q2 2025 was $20,900,000, compared to $24,000,000 in the same period last year [8] - Operating revenues decreased to $29,900,000 in Q2 2025 from $31,200,000 in Q2 2024, primarily due to lower time charter equivalent earnings [8] - Time charter equivalent earnings fell from $34,600 in Q2 2024 to $28,400 in Q2 2025, despite an increase of 157 operational days [8][9] - Vessel operating expenses increased to $7,100,000 in Q2 2025 from $5,600,000 in Q2 2024, attributed to a full fleet operation [9] - Interest expenses rose to $12,800,000 in Q2 2025, an increase of $1,800,000 compared to Q2 2024 [10] - Cash and cash equivalents at the end of Q2 2025 were $24,700,000, with an outstanding balance on sale leaseback financing of $714,000,000 [10] Business Line Data and Key Metrics Changes - The company’s preferred strategy is to charter out its 12 vessels on index-linked charters, with six vessels on fixed rates at $34,100 per day for August and September [12] - For Q4, two vessels are fixed at $31,800 per day, while the remaining ten ships will operate in the spot market [12] Market Data and Key Metrics Changes - The tonne mile for Capesize vessels in Q2 2025 was close to record levels, with a marginal decrease of 1.3% compared to Q2 2024 [18] - Bauxite exports from Guinea increased by 27% year-over-year, while iron ore exports from Brazil rose by 4% [22] - Chinese total imports were up 3%, indicating a healthy demand scenario for iron ore as inventories decreased by approximately 10% year-over-year [22] Company Strategy and Development Direction - The company aims to capture upside during market rises through index-linked charters and has flexibility to convert to fixed rates when advantageous [12] - The company is positioned to benefit from upcoming emission regulations, with dual fuel LNG vessels providing a competitive edge [16] - The management emphasizes a focus on shareholder returns, with all free cash flow after debt service targeted for dividends [18] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the market, anticipating a strong end to 2025 and an even stronger 2026 due to increased demand for iron ore and bauxite [12][36] - The company sees potential for higher demand driven by new sources like the Simandou mine and increased imports from India [36] - Management believes that the current market dynamics and regulatory environment will favor modern, greener vessels, enhancing the company's competitive position [37] Other Important Information - The company successfully completed its uplisting from Euronext Expand to the main list on the Oslo Stock Exchange [6] - Total cash distributions for the quarter were $0.105 per share for April to June 2025 [11] Q&A Session Summary Question: What is driving the recent strength in the Capesize spot market? - Management noted that the strength is due to increased demand from the Panamax market and a seasonal uptick in iron ore shipments from Australia [32] Question: How does the company plan to navigate the seasonally weaker Q1 next year? - Management indicated it is too early to secure fixed cover but remains optimistic about capturing potential spikes in the market [34] Question: Will 2026 be better than 2025 in terms of demand? - Management believes 2026 will be better due to increased demand from new sources and a recovering coal market [36] Question: How will the company approach renewing floating charters in light of new regulations? - Management expects a higher willingness among charterers to secure modern, greener vessels, which positions the company favorably [37]

活动介绍 一、 征集内容 本次征集的成果案例须为上届论坛（2024年10月）举办以来一年内完成，在上海海空枢纽建设、高端航 运服务、数智绿色等领域具有重要的创新性、实用性和示范价值，对上海国际航运中心乃至全球航运业 发展具有积极推动作用。 "2025北外滩国际航运论坛"将于2025年10月21日至23日在上海举行，主题为"协作共促全球航运可持续 发展"。作为上海市和交通运输部共同打造的国际合作交流平台，北外滩国际航运论坛已成功举办四 届，权威发布90余项重磅成果，在全球业界引起广泛关注和热烈反响。今年适逢论坛第五届，为进一步 深化国际航运事务合作，促进国际航运业健康可持续发展，现面向海运、航空及其他相关领域的企业、 机构院校、社会团体，征集优秀成果案例, 推动成果转化与产业发展。 二、 征集要求 1．对象：上海区域内海运、航空及相关领域的企业、机构院校或社会团体。 2．提交方式：根据要求提供完整申报材料压缩包至achievements@northbundforum.com（具体清单见附 件）。 3．投稿数量：每家单位提交案例数量不超过2个。 三、 活动计划 1．作品征集时间：即日起至2025年10月20日（逾 ...

中新社北京8月8日电 (记者陈康亮)根据中国上市公司协会(下称中上协)8日披露的数据，2024年度沪深A 股上市公司现金分红总额为2.4万亿元(人民币，下同)，较2023年度增加9%。 中上协有关负责人表示，从沪深A股上市公司的总体分红数据来看，2024年度上市公司分红意识不断增 强，用"真金白银"积极回报投资者。 当天，中上协发布2025年上市公司现金分红榜单。该榜单以现金分红数据为基础，综合考量多维因素， 最终形成现金分红总额、股利支付率、股息率三个榜单，每个榜单100家公司。其中，中国工商银行、 东阿阿胶、中远海控分别占据现金分红总额榜单、股利支付率榜单、股息率榜单的榜首。 该负责人进一步表示，上市公司现金分红总额再创历史新高，整体分红水平稳中有升。2024年度沪深A 股上市公司现金分红总额为2.4万亿元，较2023年度增加9%。有9家上市公司2024年度现金分红金额超 过500亿元。 上市公司持续为投资者创造可预期的收益，股债利差创近年来新高。沪深A股有466家上市公司近三年 平均股息率超过3%，有133家近三年平均股息率超过5%，股息率榜单公司近三年平均股息率为6.73%。 (完) （文章来源：中国 ...

Group 1: Company Announcements - Puyuan Precision plans to issue H-shares and list on the Hong Kong Stock Exchange [4] - Wanxing Technology intends to issue H-shares and list on the Hong Kong Stock Exchange [11] - Liou Co. plans to use no more than 3 billion yuan of its own funds for securities investment [13] - Guangdong Hongda's subsidiary intends to acquire 60% equity of Changzhilin for 1.02 billion yuan [12] Group 2: Financial Performance and Investments - GSK Gas plans to use 350 million yuan of raised funds for the Wuhan GSK Semiconductor Electronic Gas Station project, with a total investment of 503 million yuan [3] - Lianyungang's wholly-owned subsidiary plans to invest 548.8 million yuan in shipbuilding [2] - Hongjing Optoelectronics plans to invest 1.533 billion yuan in the construction of its R&D and manufacturing headquarters [9] Group 3: Regulatory Issues - Jihua Group is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [7] - *ST Gaohong may face forced delisting due to major violations related to fraudulent issuance of shares and false records in annual reports from 2015 to 2023 [8] Group 4: Sales Performance - Jingji Zhinnong reported sales of 3.51 billion yuan from selling 203,600 pigs in July, with a cumulative sales revenue of 2.243 billion yuan from January to July [8] - Zhengbang Technology reported sales of 7.41 billion yuan from selling 695,200 pigs in July, with a cumulative sales revenue of 4.818 billion yuan from January to July, showing significant year-on-year growth [10] Group 5: Share Transfers - Anzheng Fashion's shareholder plans to transfer 5.35% of the company's shares at a price of 6.78 yuan per share, totaling 141 million yuan [5] - Bidetech's actual controller and associates plan to transfer 29.9% of the company's shares to Dinglong Qishun for 897 million yuan [6]

"2025北外滩国际航运论坛"将于2025年10月21日至23日在上海举行，主题为"协作共促全球航运可 持续发展"。作为上海市和交通运输部共同打造的国际合作交流平台，北外滩国际航运论坛已成功 举办四届，权威发布90余项重磅成果，在全球业界引起广泛关注和热烈反响。今年适逢论坛第五 届，为进一步深化国际航运事务合作，促进国际航运业健康可持续发展，现面向海运、航空及其 他相关领域的企业、机构院校、社会团体，征集优秀成果案例, 推动成果转化与产业发展。 论坛组委办将组织行业专家评审确定入选的优秀成果案例。 二、 征集要求 1．对象：上海区域内海运、航空及相关领域的企业、机构院校或社会团体。 2．提交方式：根据要求提供完整申报材料压缩包至achievements@northbundforum.com（具体清单 见附件）。 3．投稿数量：每家单位提交案例数量不超过2个。 三、 活动计划 四、 评审方式 五、 展示安排 活动介绍 一、 征集内容 本次征集的成果案例须为上届论坛（2024年10月）举办以来一年内完成，在上海海空枢纽建设、 高端航运服务、数智绿色等领域具有重要的创新性、实用性和示范价值，对上海国际航运中心乃 至 ...

Industry Investment Rating - No information provided in the report Core Viewpoints - This week, the futures price of the Container Shipping Index (Europe Line) fluctuated. The main contract EC2510 rose 0.27%, while other contracts had gains ranging from -1% to 4%. The latest SCFIS Europe Line settlement freight rate index was 2,297.86, down 18.7 points from last week, a 0.8% decrease [6][44]. - Trump's tariff measures have intensified global trade uncertainties and raised market expectations of a resurgence in trade conflicts. The US consumer sector shows resilience, but there is an upward risk of inflation in the future. The Q2 2025 GDP growth of the Eurozone slightly exceeded market expectations, and the ECB has more flexibility in its interest - rate policy [6][44]. - From July to August, the traditional peak season for European routes has led to an increase in delivery volume. The recovery of cargo volume has offset some market concerns, and the complexity of the geopolitical situation has postponed the resumption of Red Sea voyages, pushing up the freight rates on European routes. However, freight and industry profitability may be under pressure, and the peak season may be "not so peaky" with freight rates expected to fluctuate weakly [7][45]. Summary by Directory 1. Market Review - Futures contracts: EC2508 fell 2.08%, EC2510 rose 0.27%, EC2512 rose 4.27%, EC2602 rose 3.00%, EC2604 rose 1.74%, and EC2606 rose 1.42%. The SCFIS index fell 0.8% [10]. - The price of the main contract of the Container Shipping Index (Europe Line) rose slightly this week, and the trading volume and open interest of the EC2510 contract both increased [13][18] 2. News Review and Analysis - In July, China's total import and export value of goods trade was 3.91 trillion yuan, a 6.7% year - on - year increase. Exports were 2.31 trillion yuan, up 8%, and imports were 1.6 trillion yuan, up 4.8%. In the first seven months, the total import and export value was 25.7 trillion yuan, a 3.5% year - on - year increase [21]. - Trump criticized Powell for late interest - rate cuts, may soon announce a new Fed chairman, and plans to raise tariffs on India, chips, and semiconductors. The US - Japan trade agreement has ongoing disputes, and the US plans to impose an additional 15% tariff [21] 3. Chart Analysis - This week, the basis and spread of the Container Shipping Index (Europe Line) futures contracts converged, and the export container freight rate index declined [27][29]. - Container shipping capacity decreased in the short term. The BDI and BPI rebounded due to geopolitical factors. The average charter price of Panamax ships rebounded rapidly, and the spread between the offshore and on - shore RMB against the US dollar fluctuated [34][38] 4. Market Outlook and Strategy - The futures price of the Container Shipping Index (Europe Line) fluctuated this week. Trump's tariff policies have increased trade uncertainties. The US consumer sector shows resilience, but inflation may rise. The Eurozone's economic data is stable, and the ECB has more flexibility in interest - rate policies [44]. - The peak season for European routes from July to August has led to an increase in delivery volume, but freight and industry profitability may be under pressure, and freight rates are expected to fluctuate weakly. Attention should be paid to factors such as the actual follow - up increase in shipping companies' cabin opening prices in December, the frequency of Houthi attacks, and trade - war - related information [7][45]

人民财讯8月8日电，连云港（601008）8月8日晚间公告，公司控股子公司之全资子公司云港轮渡（天 津）船舶租赁有限公司（简称"云港轮渡公司"）拟出资5.488亿元投资建造船舶。8月8日，云港轮渡公 司与黄海造船有限公司签署了《950客位2700M车道客滚船建造合同》。 ...

Core Viewpoint - The company Intercontinental Shipping (02409.HK) has announced a board meeting scheduled for August 26, 2025, to consider and approve the interim results for the six months ending June 30, 2025, along with other matters [1] Group 1 - The board meeting will take place on a Tuesday [1] - The interim results will cover the period ending June 30, 2025 [1] - The announcement indicates the company's commitment to transparency and regular financial reporting [1]

Group 1 - The core viewpoint is that the Yangtze River's cargo throughput has shown strong growth, with a total of 2.34 billion tons expected from January to July, representing a year-on-year increase of 4.8% [1] - The Three Gorges Hub has seen a cargo throughput of 9.8584 million tons in the first seven months, marking a year-on-year growth of 15.3% [3] - The Yangtze River Navigation Center has guided 35,000 vessels, an increase of 2.4% compared to the previous year [3] Group 2 - The construction of a smart Yangtze River is accelerating, with collaborative mechanisms established among regions such as Jiangsu, Anhui, and Chongqing, enhancing cross-regional credit governance [5] - The electronic navigation chart covering 5,606 kilometers has been implemented, further supporting the economic development along the Yangtze River [5] Group 3 - A unified open market has been established with the launch of the "Yangtze River Ship Capacity Renewal Service System," providing comprehensive services for ship scrapping and renewal [7] - The green shipping system is improving, with the "Yangtze New Energy Clean Energy Ship Monitoring and Service" system operating efficiently, and shore power usage by ships at ports reaching 12.8628 million kilowatt-hours, a year-on-year increase of 22% [7]

格隆汇8月8日丨渤海轮渡(603167.SH)在投资者互动平台表示，在暑期客运旺季和国家促消费政策积极 推动下，公司七月份客流延续了稳中有升的良好势头，公司将继续把握市场机遇，持续提升服务品质与 运营效率，为旅客提供更安全、便捷、舒适的出行体验。 ...