Link: https://links.sgx.com/1.0.0/corporate-announcements/8IV45U8LI0BXI0MH/13613aa273d1765c29401b841e859445c26b827f8c22f29da4c4ca18439f1ad9

Summary:

• Outstanding orderbook: USD 22.8 billion, with 245 vessels to deliver from 2025–2030 (clean-energy ships make up 71% of total value).

• Year-to-date order wins: USD 2.17 billion (up 4x vs 1H2025), mostly small to mid-sized vessels for 2027–2029 delivery.

• Delivery progress: 82% of FY2025 vessel delivery target met; 46 vessels delivered year-to-date, including major dual-fuel LNG and LEG carriers.

• Orderbook composition: 126 containerships, 47 oil tankers, 26 gas carriers, 46 bulk carriers; containerships dominate in value (~USD 16.2B).

• YAMIC (subsidiary) focus: Clean-energy and high-end gas carriers; net profit contribution doubled in FY2024.

• Fleet portfolio: 32 ships, actively managing fleet for competitive advantage and monetization.

• Outlook: High backlog ensures revenue visibility till 2029; industry-wide capacity tight, long lead times. Skew towards ESG/clean-energy tech continues.

• Expansion: LNG Terminal Project underway (RMB 3B capex, completion by 1H2027), plus LNG storage facilities; strategic focus on ESG-driven long-term growth.

• Management remarks: Positive customer sentiment and prudent delivery approach; working to fill remaining slots for 2029 (mostly small/mid vessels).

• No major cancellations except termination of four MR tankers in Sept 2025.

The company is positioned for steady profit realization and sustainable shareholder returns, leveraging its strong orderbook and clean-energy vessel expertise.