您的浏览器禁用了JavaScript(一种计算机语言,用以实现您与网页的交互),请解除该禁用,或者联系我们。 [港股财报]:洲际船务2025年度报告 - 发现报告

洲际船务2025年度报告

2026-04-28 港股财报 文梦维
报告封面

Seacon Shipping Group Holdings Limited 2409 02040829345370757677798183174 (FCG, HKFCG) P.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay RoadGrand CaymanKY1-1205Cayman Islands 203B23 99353513 22 15434301–10 Vistra (Cayman) LimitedP.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay RoadGrand CaymanKY1-1205Cayman Islands 1617 2409 www.seacon.com 2025FuelEU 323.815.4%54.516.8%36.048.8% 38.5%33.0 20251231 11773806,852 dwt2025123136121.70dwt 633.03.6 23492.125971.340.5% FuelEUFuelEUGreen Future 107,000LNG 2025 Seacon-AIShipManagement Platform (SMP)202511 2025 95% 202540%++ 2026 Seacon-AISMPFuelEU (i)(ii) 2025123114.8%2024282.1323.8 15.4%202464.454.5 44.7%202474.841.4 19.6%2024125.8101.2 11773806,852 dwt202620394211558,100 dwt 2025123115294422116MR4LNG11,224,500 dwt80,000 cbm TCT——————————————— 201920253102025 500 2024AISeacon-AI 202512313612291721.70dwt202412311.23dwt38.21% 20246.03.6 93111844LNG628,400 dwt80,000 cbm2025123137.02% 1500.53dwt ESG (IMO)(EU)IMO20502008IMO20254(MEPC 83)IMO2027 (FuelEU Maritime Regulation)2025 1 1(OPS)(EU ETS)202592024 2023(EEXI)(CII)(IMO)2030200840%2050 2025FuelEUGreen futureLNG7,000LNG100% ESG2025ESG2025ESGESGESG 50ESG20252025ESG2025ESG2025ESGESGESG 20232024202510020252024• 202510PMI85202612025GDP3.3%2024 202520251.7%129.62.3%68.320253.5%25.2 2025BDI1,678653.7%1.3%59.1202526.5%2.020253.0%10.4 2025+2025BDTI1,073181.7%BCTI66814918.2%20251.0%2.5%1.3%0.3%10K+dwt1.7%3.4% IMO2025102026IMO2050202611202671(UKETS) 20252026GDP3.3%2.6%20262(FuelEU Maritime) Fuel EU Maritime(ETS)(IMO)20288% 20252024282.114.8%323.8 22202422.8%16.8%15.4%54.5202464.4633.0202474.844.7%41.4202470.348.8%36.0 101.22024125.819.6% 2025123151.02024123165.822.5%62.2%971.320241231598.988.7%507.120241231268.872.2%2024123161.4% 6224,576121,1681104,728144,038113,50033.0 160.53dwt12 20259294.81940% —— 4LNG 2025123136121.70dwt202412311.23dwt38.21%20246.03.61500.53dwt 202598.54%100%(1)28620246.020253.6(2)(3) + 2024205.33.1%199.12024120.04.6%125.5202485.413.8%73.6 31.9202449.335.3%202447.138.6%28.923.0%202439.2%3.020242.332.2%4.1%20242.7% 2012115 79,000 201920251231310LPGLNG77,000 dwt 62.5%124.8202476.845.9%13.820249.411.0%202412.3% 13.1 +LNG Seacon-AILNG FuelEU MaritimeFuelEUESG Seacon-AIAI 4LNG (i)(ii)20241231282.141.714.8%323.8 20241231205.36.23.0%199.1 2024123176.848.062.5%124.8 20241231217.851.623.7%269.420241231 2024123164.49.915.4%54.52024123122.8%16.8%22 2024123117.16.135.4%23.2 — 31.92024123142.9633.0 2024123119.44.724.5%24.1 1.8202412316.7202412312 2024123174.833.444.7%41.42024123170.334.348.8%36.0 20251231555.020241231318.1 20251231517.420241231363.9 20241231268.820251231507.1202512318.25%202412310.02% 20251231499.620.320241231267.760.1 2024123149.42025123147.9 20251231 20241231598.920251231971.320241231367.520251231700.9 20241231110.8%20251231187.5% 20251231296.420241231333.72025123199120267202712028 2024123120251231 202512314.52024123126.8202412311.3202512311.0 2025123151.02024123165.872.2%2024123161.4% 168.834.3 2025929SG Xinde Investment (HK) Limited40%481,914,200202592920251224 2025184202512314420262027202515202512720252262025418202543020255262025101620251226 52 30201212 2016202510020255212024· 1995720056 J&YJovial Alliance Limited 62 35201212 1990720137201612 CZK 52 2920195COSCO Shipping (Singapore) Pte. Ltd. 1996720053200612200912 60 2620137 3,00020197 1993720127 64202332 28 198372001820087201512 55202332 25200012 199472005520151 47202332 15201010BIMCOBIMCO2001920101 2001720043201112202110 2013420179 20215202212 15201342022320103201212 2009620166 2020320223202220213 2006420 (CS)(CGP)(HKCGI)(CGI)20088 202110222023329 (i)(ii)202512313415 70173 20251231 69 174 •BDI ••••• 30% 5% 202332 0.0122 32 20251231 23 20251231221961361.1 13 2025123124 129,0002024279,000 2025123145626.7 37.199 13.51(2)13.51B(1)(a)(e)(g) 202332 202332 2026 3.25 14533 339 33(f) 18 8.10 3.13 20251231Golden Pegasus Shipping Company LimitedGolden Pegasus(1)20244250%73.1Golden Pegasus(2)4.9Golden Pegasus 20251231Golden Pegasus3877Major Progress LimitedSeacon Shipinvest (HK) LimitedSeacon ShipinvestMajor Progress Limited50% GoldenPegasusSeacon ShipinvestGolden Pegasus5,000202442 20251231Continental Kapital MPP Holdings Limited1SeaconShipping Pte. Ltd202410231SEACON WUHU LTD.SEACON SUZHOU LTD.SEACON HEFEI LTD.SEACON GUANGZHOU LTD.SEACON NINGDE LTD.SEACON SHENZHEN LTD.20251231(1)20231218237(2)6.420251231110.36.4 202512311GH Kapital HoldingLtd.GH KapitalSeaKapital LimitedSeaKapital50%20241023 2025124GH KapitalSeaKapitalContinental Kapital Shipping Company Limited2GH KapitalSeaKapital2221Continental Kapital TankersHoldings Limited320251231GH Kapital(1)322.2(2)325.822 2GH KapitalSeaKapital 202512312GH KapitalSeaKapital50%2025124 2025923SG Xinde Investment (HK) Limited42,000,000 (i)(ii)10 202512312025923 13.2220251231 20251231 13.2013.2113.2214.36B14A.63 14A 3214