On July 21, 2026, COSCO Shipping Specialized Carriers Co., Ltd. (hereinafter referred to as “COSCO Shipping Specialized” or the “Company”) announced that it plans to have its wholly‑owned subsidiary, COSCO Shipping (Hong Kong) Investment Development Co., Ltd., or its affiliated entities, act as the investment vehicle to build eight 60,000‑tonne multi‑purpose heavy‑lift vessels at CSSC Chengxi Shipbuilding Co., Ltd. The total contract price for the vessels shall not exceed RMB 2.624 billion (excluding tax), with a unit price of no more than RMB 328 million per vessel.

According to the main terms of the shipbuilding contracts, the shipbuilding payments will be made in five instalments as stipulated in the contracts, and the vessels are expected to be delivered between April 2029 and June 2030. This marks the second order for multi‑purpose heavy‑lift vessels placed by COSCO Shipping Specialized with CSSC Chengxi within the past year. On December 31, 2025, COSCO Shipping Specialized, also through COSCO Shipping (Hong Kong) Investment Development Co., Ltd., invested RMB 1.492 billion to order four 40,000‑tonne multi‑purpose heavy‑lift vessels from CSSC Chengxi, at a unit price of RMB 373 million. With the placement of these two batches of orders, COSCO Shipping Specialized has secured a total of 12 multi‑purpose heavy‑lift vessel construction slots at CSSC Chengxi.

COSCO Shipping Specialized stated that in recent years, the rapid growth of global wind power installed capacity has driven a significant increase in demand for maritime transportation of wind power equipment. At the same time, the steady expansion of China’s export volume of advanced manufactured products has further boosted the demand for specialized vessels. To seize the opportunities arising from structural demand growth for transportation capacity driven by global wind power logistics and China’s advanced manufacturing exports, the Company has timely advanced this series of specialized multi‑purpose heavy‑lift vessel construction projects.

CSSC Chengxi, established in 1973, is a wholly‑owned subsidiary of China Shipbuilding Industry Corporation and is one of the leading enterprises in China’s ship repair and building industry. It has three major production bases – Chengxi Headquarters, Chengxi Equipment, and Chengxi Yangzhou – with an annual repair and conversion capacity of up to 200 vessels of various types below 200,000 deadweight tonnes, and a new‑building capacity of 17 vessels up to Kamsarmax size. According to Clarksons data, CSSC Chengxi currently holds an order book of 94 vessels totaling 6.561 million deadweight tonnes, with delivery slots scheduled through 2030.