Ningbo Marine (600798.SH) exercises the option to choose two 64,000-ton bulk carriers.

Ningbo Marine (600798.SH) announced that the company had signed a contract with Jiangsu Haitong Marine Engineering Equipment Co., Ltd. on November 26, 2024 to build four 64,000-ton bulk carriers. Among the four vessels in the contract, two vessels under contract number JSHT367/JSHT368 are optional. According to the terms of the contract, the company has the right to notify Jiangsu Haitong Marine Engineering Equipment Co., Ltd. in writing by February 25, 2025 whether to proceed with the construction of the optional vessels. Based on recent trends in the shipbuilding market, after conducting research, the company officially notified Jiangsu Haitong Marine Engineering Equipment Co., Ltd. on February 25, 2025 that they would proceed with the construction of the optional vessels. As of February 25, 2025, the right to select the vessels in the contract JSHT367/JSHT368 has been activated, and the "Shipbuilding Contract" is now in effect and will be implemented.