TS LINES (02510) announced that on August 19, 2025, the company entered into amended shipbuilding contracts with sellers (with substantially similar terms for each contract) to construct two new vessels, with a total consideration of $126 million USD (equivalent to approximately HK$979 million), at $62.78 million USD per vessel (equivalent to approximately HK$489.9 million).

The directors believe that constructing vessels with amended specifications aligns with the Group's long-term development strategy and will bring significant benefits to the Group and its shareholders overall. The construction of two container ships with amended specifications will increase the Group's owned fleet size and total capacity, enabling the Group to better capitalize on market opportunities and respond to growing demand in the container shipping industry, particularly in the Asia-Pacific region and other major markets.

The additional vessels will further strengthen the Group's ability to provide reliable and frequent services to its customers and enhance its market position. Furthermore, the Group's strategy includes maintaining a balanced portfolio of owned and chartered vessels, with a focus on increasing the proportion of owned vessels to achieve long-term cost advantages. Owned vessels are not subject to charter rate fluctuations or fixed lease terms and typically reduce unit operating costs.

The new vessels with modern designs and specifications are expected to be more energy-efficient and environmentally friendly, thereby reducing operating costs and helping to comply with increasingly stringent environmental regulations.