NCT Establishes Ro-Ro Vessel Partnership to Bolster Financial Outlook and Accelerate Carbon Neutral Fleet Initiatives

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HONG KONG, Dec. 01, 2025 — Intercont (Cayman) Limited (Nasdaq: NCT) (“NCT” or “the Company”), a global carbon-neutral shipping firm, announced that its Singapore-based subsidiary, Openwindow, has entered into a strategic alliance with CINCO INTERNATIONAL HONGKONG LIMITED. This collaboration is set to generate consistent, multi-year cash flow while expanding NCT’s shipping operations with assets that align with the industry’s accelerating move toward low-carbon practices.

CINCO INTERNATIONAL HONGKONG LIMITED is an established ro-ro shipping company recognized for its operational excellence and high professional service benchmarks. This partnership reflects NCT’s strategic initiative to broaden its shipping segment in response to increasing market demand.

Ro-ro vessels are purpose-built for transporting vehicles and wheeled cargo, providing a low-carbon, highly efficient option for global trade and supply chain management. Their capability to load and discharge without requiring quay cranes or repeated handling significantly reduces energy consumption compared to conventional general cargo ships. Furthermore, advanced features like LNG dual-fuel engines, methanol-ready fuel systems, and onboard solar panels contribute to lowering sulfur oxide and CO₂ emissions—cutting carbon output per voyage by an estimated 30%. By combining operational efficiency with environmental performance, ro-ro shipping acts as a sustainable foundation for intercontinental logistics.

Intercont Cayman

As the global shipping industry navigates its shift toward low-carbon operations, emerging sectors such as new energy vehicles and cross-border e-commerce are driving a surge in demand for rapid transportation—thereby significantly expanding the market potential for ro-ro vessels. Through this strategic partnership, NCT is positioning itself within this high-growth segment, leveraging the efficiency and low-emission profile of ro-ro ships to offer clients diversified green transport solutions, which in turn enhances customer loyalty and market reputation.

Upon the transaction’s completion, the company is anticipated to assume existing time charters. Based on the daily rates and charter periods stipulated in the agreement, the cumulative contract revenue is projected to reach approximately US$118.25 million, with an estimated cumulative net profit of US$88.96 million. The transaction remains contingent on customary conditions, including satisfactory due diligence and the execution of a formal Ship Purchase Agreement (SPA).

Ms. Zhu Muchun, CEO and President of NCT, commented: “This partnership aims to bolster NCT’s business fundamentals by adding long-term, contracted cash flow and expanding our fleet with green-technology assets. The transaction enhances our resilience over the next three to five years and supports a sustainable value-creation cycle across operations, financing, and brand valuation. We remain committed to executing our carbon-neutral strategy while driving attractive returns for shareholders.”

About Intercont (Cayman) Limited

Intercont (Cayman) Limited is an international shipping enterprise with plans for seaborne pulping operations. Under a visionary management team, Intercont is dedicated to providing customers with efficient and environmentally friendly transportation solutions through innovative business models and technology. For more information, please visit: https://www.intercontcayman.com.

Forward-Looking Statement

This press release incorporates forward-looking statements. These statements encompass declarations regarding future plans, objectives, aims, strategies, forthcoming occurrences or performance, and underlying assumptions, distinguishing them from historical facts. The Company generates forward-looking statements when employing terms such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or comparable expressions that do not exclusively pertain to past events. Forward-looking statements do not assure future performance and carry inherent risks and uncertainties that could lead actual outcomes to diverge significantly from the Company’s projections within these statements. Such statements are prone to uncertainties and risks, including, but not limited to, market fluctuations, the successful completion of the initial public offering on expected terms, if at all, and other considerations detailed in the “Risk Factors” section of the registration statement submitted to the SEC. Consequently, investors are advised against placing excessive dependence on any forward-looking statements presented in this press release. Further elements are elaborated in the Company’s SEC filings, accessible at www.sec.gov. The Company disclaims any obligation to publicly update these forward-looking statements to reflect events or conditions occurring subsequent to this date.

Contact information:
investorrelations@intercontcayman.com
+852-3848-1720