On July 7, invested in and built by COSCO SHIPPING Development, the 64,000 DWT bulk carrier "FENG DA HAI" was successfully named and delivered at COSCO SHIPPING Heavy Industry (Zhoushan). The vessel's delivery marks another important milestone in the industry-finance project and also provides new practical support for the Company to diversify its vessel asset portfolio and expand its shipping leasing business in practice.

Measuring approximately 199.90 meters in length and 32.26 meters in breadth, FENG DA HAI is primarily designed to transport grain, coal and other dry bulk cargoes. It performs well in cargo-hold utilization, hull structure and operating economy, and offers strong cargo adaptability and route flexibility. The vessel is also fitted with a methanol-ready interface, providing a technical foundation for the future use of low-carbon energy. Following delivery, the vessel will be chartered and operated by COSCO SHIPPING Bulk for dry bulk transportation, helping ensure reliable shipping capacity for key commodities.

The 64,000 DWT bulk carrier industry-finance project is an outcome of COSCO SHIPPING Development's efforts to address the practical needs of the shipping industrial chain and deeply integrate vessel asset allocation with transportation scenarios. It marks a further expansion of the Company's asset portfolio in the bulk carrier segment.

Looking ahead, the Company will deepen industrial-chain collaboration, continuously enhance its vessel asset allocation capabilities, and strengthen its integrated operational services. These efforts will support the optimization of shipping fleet structures and contribute industry-finance momentum to a more resilient global supply chain.