China International Marine Containers Ltd. (CIMC) - Experts & Thought Leaders

Technology group - Wärtsilä will supply the cargo handling and fuel supply systems for four new 40,000 cubic.metres gas carrier vessels. The ships are being built at the CIMC SinoPacific Offshore & Engineering (SOE) shipyard in China for Norwegian shipowner Avance Gas. The order was booked by Wärtsilä in Q4 2023. Wärtsilä’s range of complete cargo handling systems for gas tankers are designed to reduce operating costs and improve the vessel’s Energy Efficiency Design Index (EEDI). The award of this contract represents an endorsement of these benefits. Gas handling applications The Wärtsilä LFSS is an innovative and reliable system that enables the use of LPG as fuel The Wärtsilä LPG Fuel Supply System (LFSS) is an innovative and reliable system that enables the use of LPG as fuel. This increases operational efficiency and supports environmental sustainability. “We are very familiar with Wärtsilä’s capabilities in gas handling applications, and we are confident that they are the best solution for these new vessels. The global support they can offer through their broad and comprehensive service network is another reason why they were chosen,” said Wenbao Gao, Vice President of CIMC ENRIC, CEO of CIMC SOE. LPG carrier vessels “Wärtsilä enjoys a very positive relationship with both the SOE shipyard and Avance Gas, which is based on our ability to develop and supply high-quality and reliable solutions that feature outstanding performance. We have a market-renowned position with an unmatched number of excellent references, and this order extends our position even further,” commented Patrick Ha, Sales Manager, Cargo Handling Systems, Wärtsilä Gas Solutions. These will be the first medium-sized LPG carrier vessels built at the SOE yard. The Wärtsilä equipment is scheduled to be delivered in the latter part of 2024, and the ships are expected to be delivered in the second half of 2025 and onwards. Wärtsilä Gas Solutions Wärtsilä Gas Solutions is a market pioneer with innovative systems and lifecycle solutions for the gas value chain. Their main focus areas are the handling of gas in seaborne transport (storage, fuel, transfer and BOG management), gas to power, liquefaction and biogas solutions. They help customers on their journey towards a sustainable future through a focus on lifecycle performance, innovation and digitalisation.

Neptune Energy and its licence partners have announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea. Preliminary estimates are between 1 - 3.5 million standard cubic metres (MSm3) of recoverable oil equivalents, corresponding to 6 - 22 million barrels of oil equivalent (boe). Calypso is Neptune Energy’s third discovery in six months on the Norwegian Continental Shelf. Calypso – new discovery in the Norwegian Continental Shelf These near-field discoveries allow for low cost and low carbon developments" The Managing Director for Neptune Energy in Norway and the United Kingdom (UK), Odin Estensen, said “We actively explore in areas close to existing infrastructure. These near-field discoveries allow for low cost and low carbon developments.” Odin Estensen adds, “Initial analysis of Calypso indicates commercial potential. Together with our partners in the Calypso licence we will now study options to effectively develop the discovery using nearby infrastructure.” The Calypso discovery is located within one of Neptune Energy’s core areas, 14 kilometres north-west of the Draugen field and 22 kilometres north-east of the Njord A platform. Well 6407/8-8S Well 6407/8-8S was drilled to a vertical depth of 3, 496 metres and encountered an estimated 8 metre thick gas column and 30-metre thick oil column in a 131 metre thick Garn Formation sandstone reservoir, of good to very good quality. Calypso was drilled by the Deepsea Yantai, a semi-submersible rig owned by CIMC and operated by Odfjell Drilling.

Globally renowned container logistics company, A.P. Moller - Maersk (Maersk) signed an agreement, on Monday, September 27, 2021, to sell its reefer manufacturer, Maersk Container Industry (MCI), to China International Marine Containers Ltd. (CIMC), which is headquartered in Shenzhen, China and listed on the Shenzhen Stock Exchange, and Hong Kong Stock Exchange. Maersk Container Industry (MCI) will become part of a market renowned company in the container equipment industry. CIMC will take over MCI’s entire organisation and assets, which include the reefer factory in Qingdao, China, as well as its R&D and test engineering facilities, located in Tinglev, Denmark. Divestment of Maersk Container Industry We believe that we in CIMC have found a good long-term owner of MCI" “We believe that we in CIMC have found a good long-term owner of MCI. The divestment of MCI is part of A.P. Moller - Maersk’s business transformation, where focus is on being an integrated container transport and logistics company, creating customer value across the entire supply chain,” said Henriette Hallberg Thygesen, the Chief Executive Officer (CEO) of Fleet & Strategic Brands, in A.P. Moller - Maersk. Henriette Hallberg Thygesen adds, “While strengthening the synergies between the core businesses of our global integrator offering, we have reviewed the strategic fit of MCI and decided to find a new home for MCI that can ensure that the company continues to grow its reefer business, through continued development and committed investments from a new owner. We have had a close relationship with CIMC, for more than 30 years and we look forward to continue that partnership.” Major refrigerated containers manufacturer Founded by A.P. Moller - Maersk in 1991, Maersk Container Industry (MCI) has been a part of the company for more than 30 years. Over the years, it has transformed into a business focusing entirely on manufacturing refrigerated containers and in 2020, the company delivered its most profitable result since its foundation. China International Marine Containers Ltd. (CIMC) wants to continue MCI’s trajectory of increasing sales and investing in new product development, and believe that bringing MCI into its group will allow it to do this. Maersk - CIMC partnership I look forward to welcoming MCI, as I am very impressed by the company’s results and innovation" Mai Boliang, the Chairman and Chief Executive Officer (CEO) of China International Marine Containers Ltd. (CIMC), said “By leveraging technology and innovation, we want to create a new growth platform within cold chain. I look forward to welcoming MCI, as I am very impressed by the company’s results and innovation.” Mai Boliang adds, “I am convinced that by combining MCI’s talented people and technologies, with our global refrigeration business, we will create an exciting future together, as a key partner for our customers.” Transaction details Star Cool will remain a key part of the way A.P. Moller - Maersk supports its customers’ cold chain needs, as Maersk will continue its cooperation with MCI in the future. The value of the transaction is USD 987.3 million on a cash and debt free basis (Enterprise Value). The agreement for CIMC to acquire MCI was signed on September 27, 2021, and is subject to regulatory approvals. The transaction is expected to close in or before 2022. Until closing, CIMC and MCI remain two separate companies and continue to run their businesses as usual.