I. Technological Innovation

Ningbo Port Container Transportation Co., Ltd. Obtains Patent for Pump Maintenance Tool

On December 17, 2024, according to information from the National Intellectual Property Administration, Ningbo Port Container Transportation Co., Ltd. has obtained a patent for a "Pump Maintenance Tool". This patent comprises a first limiting component, a second limiting component, a guiding component, and a driving component, which can better apply pressure to the pump assembly, facilitating the installation and fixation of clamping hoops by maintenance personnel. This innovative tool will enhance the efficiency and safety of container equipment maintenance.

II. Business Development

Zhoushan COSCO Shipping Heavy Industry Completes Repairs and Modifications of Multiple Container Ships

In the first half of 2024, Zhoushan COSCO Shipping Heavy Industry completed the repair and modification projects of multiple container ships, including the "OOCL NEW YORK". These projects covered key areas such as five-year special inspections, propeller blade replacements, desulfurization device modifications, and shore power system upgrades, with a focus on green energy-saving and emission-reduction projects. The successful completion of these projects not only improved the ships' navigation safety performance but also met the environmental protection requirements of the International Maritime Organization.

Furthermore, on November 29, the "OOCL NEW YORK" successfully sailed after completing its fifth five-year special inspection and steel structure renewal project, marking the successful completion of the repair and modification projects of four container ships under the OOCL fleet by Zhoushan COSCO Shipping Heavy Industry. The successful implementation of these projects demonstrates Zhoushan COSCO Shipping Heavy Industry's professional capabilities and market competitiveness in the field of container ship repair and modification.

III. Market Dynamics

Global Container Throughput Continues to Grow

According to the latest data, the container throughput of Meishan Port Area in Ningbo-Zhoushan Port has continued to climb and exceeded 10 million TEUs for the first time in 2024. This makes Ningbo-Zhoushan Port the only port worldwide with two "10-million-TEU-class" terminals. This growth trend reflects the activity of global trade and the development potential of the container transport industry.

Increasing Demand for Container Maintenance Services

With the growth in global trade volume and the vigorous development of the container transport industry, the demand for container maintenance services is also increasing. Especially in some important port cities such as Ningbo and Zhoushan, container maintenance has become an important part of the local shipping industry chain. Container maintenance enterprises in these areas are continuously improving their technical level and service quality to meet market demand.