Group 1 - Seatrium has initiated a series of non-core asset divestment plans aimed at achieving annual operational cost reductions exceeding $40 million (approximately 276 million RMB) [2] - The cost reductions will complement previously disclosed asset sales, including the planned sale of the AmFELS shipyard in Texas and two platform supply vessels held by its Brazilian subsidiary Guanabara Navegação Ltda (GNL) [2] - All transactions related to the asset disposals are expected to be completed by early 2026 as part of the company's strategy to optimize non-core assets and streamline operational processes [2] Group 2 - In January 2026, Seatrium sold its fleet of 17 tugboats in Singapore for $82 million (approximately 567 million RMB) through its subsidiary Seatrium Marine Services, with KST Maritime as the buyer [2] - A towing service agreement has been signed with KST Maritime to provide towing services for Seatrium's shipyard in Singapore, indicating a shift towards an outsourcing model that is expected to enhance long-term cost efficiency [2] - The tugboat sale is anticipated to be completed in the first quarter of 2026 [2] Group 3 - In January, Seatrium sold the "Can-Do 2" floating dock for approximately $13.3 million (around 91.9 million RMB) to Winter Park Trading, which plans to dismantle the dock and recycle its components [3] - This transaction is expected to result in cost savings for Seatrium by eliminating vessel-related licensing fees, insurance, and other operational expenses [3] - In December 2025, Seatrium sold a shipyard located on Karimun Island, Indonesia, for $17.3 million (approximately 120 million RMB) to an affiliate of the Salim Group, consolidating their shipyard operations [3] - The Karimun Island shipyard's lease agreements are set to expire in September 2026, and the transaction is subject to customary closing conditions [3] - Seatrium plans to continue evaluating and selling other non-core assets to further streamline its operational structure and optimize its cost system [3]

Core Viewpoint - The successful loading and departure of the Panamanian semi-submersible vessel "Development Road" from Ningde Port marks a significant achievement in supporting the Belt and Road Initiative, with a focus on enhancing operational efficiency and reducing costs for enterprises involved in maritime logistics [1] Group 1: Operational Efficiency - The loading operation involved five "Ningde-made" engineering vessels, including floating crane barges, barges, and tugboats, showcasing the capabilities of local shipbuilding [1] - The Ningde Border Inspection Station implemented a tailored operational plan for the semi-submersible vessel, establishing a special task force and a "green channel" to facilitate seamless customs procedures, ensuring "zero waiting" upon arrival and "zero delay" upon departure [1] Group 2: Growth Metrics - In 2023, Ningde Port has exported a total of 29 new vessels in four batches via semi-submersible ships, representing an increase of over 100% compared to the same period last year [1] - The Ningde Border Inspection Station aims to continuously enhance the business environment at the port and improve customs facilitation levels to support the Belt and Road Initiative and local economic development [1]

Group 1 - The Chinese semi-submersible vessel "Huaxing Long" set sail from Ningde Port, carrying six newly built ships to Guinea, a country involved in the Belt and Road Initiative [1][3] - The six tugboats were constructed by local shipbuilding companies in Ningde and are expected to take approximately 50 days to reach Guinea for port construction and offshore operations [3] - The Ningde border inspection station has facilitated the export of three semi-submersible vessels and 24 newly built ships this year, aiding local ship enterprises in expanding their overseas markets [1][3] Group 2 - The "Huaxing Long" employs a "building block" method for loading, allowing for bulk exports, which enhances safety, efficiency, and cost-effectiveness [3] - The border inspection station has developed a detailed safety assurance plan and refined inspection processes for the semi-submersible vessels, providing a "green channel" for their export operations [3][5] - The border inspection team has implemented a proactive approach by moving inspection points to the anchorage, ensuring efficient coordination for vessel entry, anchorage, and operations [5] Group 3 - The Ningde border inspection station offers a "one-stop" service tailored to the needs of the shipbuilding industry, providing 24/7 support to ensure zero waiting time upon arrival and zero delays during departure [8]