CONTIOCEAN Completes Ship Acquisition, Transitions into a Distinctive Shipowner

Stock News
07/29

CONTIOCEAN (02613) has announced the completion of its vessel acquisition. According to the company's announcement, following the completion of the OM Shanghai acquisition on April 16, 2026, the OM Singapore buyer paid the purchase consideration to the OM Singapore seller in accordance with the OM Singapore Memorandum of Agreement. The acquisition of OM Singapore was subsequently completed on July 29, 2026.

The board of directors emphasized that the delivery of the second vessel asset is an orderly execution of the company's long-term green shipping strategy and represents a forward-looking industrial layout. The company will adhere to prudent management principles, coordinating fleet operations management, cost control, and business synergies to ensure strategic investments align with medium to long-term business objectives, ultimately safeguarding shareholder interests.

This asset deployment drives the company's transformation from a marine environmental protection equipment research and development enterprise into a distinctive shipowner entity holding self-operated vessel assets. The company's business closed-loop of "self-developed equipment - real-ship installation - dynamic verification - commercial feedback" has now achieved the conditions for large-scale replication. Looking ahead, the company plans to leverage its dual-vessel collaborative demonstration matrix to continuously deliver real-world validated shipping emission reduction solutions, providing a technically reliable and economically feasible green transformation pathway for the global shipping market.

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