TS LINES (02510) has announced the signing of two shipbuilding contracts. On November 19, 2025, the buyer entered into the 2025 shipbuilding contract with sellers Fujian Mawei and Xiamen Shipbuilding for the construction of two new vessels. The total cost for these two ships is $84.3 million (approximately HK$657.5 million), with each vessel priced at $42.15 million (approximately HK$329 million).

Subsequently, on March 20, 2026, the buyer further executed the 2026 shipbuilding contract with the sellers. This contract, which contains terms largely similar to the previous one, is for the construction of four additional new vessels. The total cost for these four ships is $168.6 million (approximately HK$1.315 billion), with each vessel also costing $42.15 million (approximately HK$329 million).

The company's board of directors believes that the vessel construction aligns with the group's long-term development strategy and will deliver substantial benefits to the group and its shareholders overall. The addition of a total of six new container ships will expand the scale of the group's owned fleet and increase its total shipping capacity. This expansion will enable the group to better capitalize on market opportunities and respond to the growing demand in the container shipping industry, particularly in the Asia-Pacific region and other major markets.

The new vessels are expected to significantly enhance the group's capability to provide reliable and frequent services to its customers, thereby strengthening its market position. Furthermore, the group's strategy includes maintaining a balanced mix of owned and chartered vessels, with a focus on increasing the proportion of owned ships to achieve long-term cost advantages. Owned vessels are not subject to charter rate fluctuations or fixed lease terms, which typically leads to lower unit operating costs.

The new ships, featuring modern designs and specifications, are anticipated to be more energy-efficient and environmentally friendly. This is expected to reduce operational expenses and aid in compliance with increasingly stringent environmental regulations.