Seacon Shipping Group Holdings Limited, a company incorporated in the Cayman Islands, has announced the acquisition of a new vessel. The deal, finalized on May 26, 2025, involves the purchase of a 40,300 deadweight tonnage double hull bulk carrier, with a total consideration of approximately USD 35 million. The acquisition is structured in four instalment payments, funded through internal resources and external financing. The timeline includes the initial payment upon contract signing and the final payment upon the vessel's delivery, expected between January 1 and March 31, 2028. The transaction aligns with Seacon Shipping Group's strategic plan to modernize and expand its fleet. This acquisition aims to enhance the company's service capacity while adhering to the latest environmental standards. The vessel, built by a collaboration between Imabari Shipbuilding and Japan Marine United Corporation , is expected to bolster Seacon Shipping Group’s competitiveness in the global market. The Board of Seacon Shipping Group considers this transaction both fair and beneficial for shareholders. Under Hong Kong's Listing Rules, this acquisition qualifies as a discloseable transaction, requiring formal reporting and public announcement. The sellers, Giant Line Inc., S.A. from Panama and Nihon Shipyard Co ., Ltd. from Japan, are independent third parties in this arrangement. Both companies are backed by Imabari Shipbuilding , a leading entity in the shipbuilding industry, and Japan Marine United Corporation . These firms hold substantial reputations in maritime construction and ship management, further validating the strategic acquisition decision.

Source: https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0526/2025052601479.pdf