Intercontinental Shipping (02409) replaces six shipbuilding contracts with a total cost of approximately $12.3 million.

Zhixin Finance APP news, Intercontinental Shipping (02409) announced that on November 28, 2025 (after the trading hours of the Stock Exchange), the buyer and seller, Jiangsu Dajin Heavy Industries Co., Ltd. and the previous buyer (the company's indirect wholly-owned subsidiary Seacon Shipping Pte. Ltd.), entered into a replacement agreement. According to this agreement, the previous buyer agreed to transfer all rights and obligations under the shipbuilding contract to the buyer. After the replacement is completed, in addition to the revisions specified in the replacement agreement, the shipbuilding contracts for the six vessels will continue to be fully effective and in force after the replacement, with a total consideration of approximately 12.3 million US dollars, which is the total amount paid by the previous buyer under the shipbuilding contracts up to the date of each replacement agreement.