新年伊始，中国船舶集团有限公司旗下武昌船舶重工集团有限公司5艘1100TEU集装箱船、4艘1800TEU集装箱船建造合同正式签署生效。 目前，武昌造船已启动该系列船的前期筹备工作，将以节拍化建造模式推进项目实施，确保船舶高质量按期交付。 近年来，武昌造船打造了液化天然气（LNG）动力海工船、风帆助力甲醇动力滚装船、化学品船、支线集装箱船等一系列标杆项目，为国内外知名船东 承建的支线集装箱船均实现高质量按期交付。同时，武昌造船以技术创新筑牢品牌核心竞争力，强化新船型自主研发，自主设计的1320TEU甲醇双燃料动 力集装箱船、1900TEU曼谷型集装箱船等3型产品获得船级社原则性认可（AiP）证书，不断扩大支线箱船谱系。武昌造船在绿色智能船舶、高端海工装备 等领域的技术积淀，以及在支线集装箱船建造领域的卓越履约能力促成了此次合作。 目前，武昌造船还在油船、化学品船领域发力，自主设计的18600载重吨特涂油化船、26000载重吨双相不锈钢油化船、29000载重吨氨燃料动力双相不锈 钢化学品船获得船级社证书并完成模型试验，化学品船自研船型已覆盖从7000载重吨到29000载重吨，油化船自研谱系基本形成。未来，武昌造船 ...

广州作为国家现代船舶工业的重要基地，产能基础雄厚。以南沙中船龙穴造船基地为核心，形成了年造船产能超550万载重吨的产业集群，单船造船能力突 破30万吨。中国船舶集团旗下广船国际、黄埔文冲两大骨干企业坐落于此，产品覆盖全系列液散货船、滚装船、半潜船、可燃冰开采船等，并在高端豪华客 滚船、PCTC汽车滚装船、支线集装箱船等产品市场占据全球领先地位。 为推动产业升级，广州在今年9月印发实施了《广州市推动船舶与海洋工程产业高质量发展行动方案》，目标到2027年船舶与海工产业产值突破600亿元；到 2035年争取实现规模效益双倍增，规模超1000亿元的目标，全市将重点在船舶产业推动实施"强链补链""自立自强""智改数转""制造+服务""生态育成"等行 动，加快构建覆盖研发、制造、配套、服务等的全链条产业体系。 作为核心承载区，南沙集成了显著的政策与区位优势。企业可享受《南沙方案》税收优惠及多项区级扶持政策。同时，背靠广州港这一世界级枢纽港，大型 海工装备可获得高效的通关与引航服务。目前，南沙区船舶企业新接订单、完工量和手持订单三大指标，分别占珠三角基地的45.3%、63.3%和56.4%，优势 突出。 广州重点船企手持 ...

Group 1 - The container newbuilding market is witnessing a significant trend of increased orders for small and medium-sized vessels, particularly feeder container ships, driven by major shipping companies' enthusiasm for this vessel type [1][2][3] - Braemar's report indicates that many of these new orders are likely aimed at replacing aging vessels, with the average age of existing feeder ships reaching 22 years [2][3] - The expansion of feeder vessel capacity will allow carriers to tighten operations and increase port call frequency at secondary ports, alleviating congestion during transshipment [3][4] Group 2 - Major shipping companies like Mediterranean Shipping Company (MSC) and CMA CGM are actively placing orders for large LNG dual-fuel container ships, with MSC planning to order up to 12 vessels of 18,000 TEU capacity [5][6][8] - MSC has previously ordered 20 LNG dual-fuel container ships, indicating a continued commitment to diversifying fuel strategies [5][8] - The demand for large LNG dual-fuel container ships is rising, with companies like ONE and Evergreen also placing significant orders for vessels in the 14,000 to 24,000 TEU range [8][9] Group 3 - The global orderbook for container ships has reached a historical high of 10.4 million TEU, with orders accounting for 31.7% of the existing fleet, reflecting strong market demand for new capacity [9][10] - Chinese shipyards dominate the container ship construction market, securing 134 orders totaling approximately 1.17 million TEU, representing a market share of about 61% [9][10] - The top ten shipyards by container ship orders include seven from China, showcasing the country's production capacity and technological advantages in the sector [10] Group 4 - New Era Shipbuilding has re-entered the container ship market, securing over 60 orders for LNG-fueled vessels, marking a significant shift back to this segment after focusing on oil tankers [11] - The first LNG dual-fuel container ship built by New Era Shipbuilding was delivered to MSC, highlighting advancements in LNG fuel technology within the Chinese shipbuilding industry [11][12] - Yangzijiang Shipbuilding has also made strides in LNG dual-fuel technology, delivering the first of four LNG dual-fuel container ships, indicating a growing trend among Chinese shipyards to adopt advanced fuel systems [12][13]

Core Insights - HD Hyundai Heavy Industries' subsidiary, HD Hyundai Ulsan, has signed a contract to build three feeder container ships for an Oceania-based shipowner, totaling 222.4 billion KRW (approximately 159 million USD) [2][3] - The new ships are designed to be fuel-efficient, potentially saving up to 20% in fuel consumption and reducing CO2 emissions [2][4] - The global feeder container ship market is projected to grow significantly, with an estimated market size of 2.74 billion USD in 2023, expected to reach 6.34 billion USD by 2035, reflecting an annual growth rate of 8.7% [4] Company Developments - HD Hyundai Ulsan has secured a total of 21 feeder container ship orders this year, significantly surpassing last year's total of 6 [3] - The company has developed a new ship design that minimizes resistance and enhances power efficiency, improving its competitive edge in securing orders [3] - The company is recognized for its strong capabilities in building medium-sized vessels and has made significant advancements in eco-friendly ship designs, including the delivery of the world's first methanol-powered container ship in 2023 [4] Market Context - The demand for feeder container ships is increasing due to rising shipping rates and the aging fleet, with about 30% of feeder ships over 20 years old [4] - Feeder container ships, typically under 3000 TEU, are essential for connecting regional ports and hubs, characterized by high turnover rates and low fuel costs, making them a profitable segment [3] - HD Hyundai Heavy Industries has achieved a total order volume of 93 ships worth 12.36 billion USD this year, reaching approximately 68.5% of its annual order target [5]

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，幷明確表示，概不對因本公告全部或任何部份內容而産生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （在中華⼈⺠共和國註冊成立之股份有限公司） （H 股股票代碼：00317） 海外監管公告 本公司董事會及全體董事保證本公告內容不存在任何虛假記載、誤導性陳 述或者重大遺漏，並對其內容的真實性、準確性和完整性承擔法律責任。 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第 13.10B 條發出。以下為中船海洋與防務裝備股份有限公司於上海證券交易所網站 (www.sse.com.cn）所刊發之【中船防務 2025 年半年度報告】。 承董事會命 中船海洋與防務裝備股份有限公司 公司秘書 李志東 廣州，2025年8月28日 本公告公佈之日，董事會的九位成員分別為：執行董事羅兵先生及陳利平先生；非執 行董事顧遠先生、任開江先生及尹路先生；以及獨立非執行董事林斌先生、聶煒先生 、李志堅先生及謝昕女士。 中船海洋与防务装备股份有限公司 2025 年半年度报告 公司代码：600685 公司简称：中船防务 中船海 ...

Core Viewpoint - China Shipbuilding Defense focuses on four key areas: marine defense, transportation, development, and scientific research equipment, showcasing strong multi-shipbuilding capabilities and possessing national-level R&D platforms and independent core technologies [1] Group 1: Financial Performance - In 2024, the net profit attributable to shareholders is expected to reach 377 million yuan, benefiting from order optimization and efficiency improvements [1] - In Q1 2025, the company is projected to continue high growth with a net profit of 184 million yuan, representing a year-on-year increase of 1099.85% [1] Group 2: Market Dynamics - On the supply side, global capacity expansion is long-term constrained, leading to sustained tight supply in niche markets such as feeder container ships [1] - On the demand side, stricter environmental regulations are accelerating the retirement of older small vessels, and existing orders are insufficient to meet the fleet's green renewal needs [1] - The feeder container shipbuilding market is expected to perform well in the long term due to a combination of supply contraction, environmental regulations, and growth in regional trade [1] Group 3: Business Opportunities - The increasing diversity of maritime conflict forms is likely to create additional growth opportunities for the company's military and public vessel businesses [1] - Given the green shipbuilding cycle and the potential of offshore engineering business, the company is initiating coverage with a "buy" rating [1]