Intercont (Cayman) Limited (NASDAQ:NCT) surged 47% in premarket trading on Monday after the company unveiled a new strategic partnership between its Singapore subsidiary, Openwindow, and CINCO INTERNATIONAL HONGKONG LIMITED.
The collaboration is expected to deliver roughly $118.25 million in cumulative contract revenue and an estimated $88.96 million in cumulative net profit. The agreement focuses on ro-ro (roll-on/roll-off) vessels—ships designed to transport vehicles and other wheeled cargo while minimizing environmental impact.
Intercont said the partnership will provide steady multi-year cash flow and expand NCT’s shipping division with a fleet of low-carbon vessels. Once the deal closes, NCT will assume existing time charters tied to the ships, though it noted that final completion remains contingent on due diligence and execution of a formal Ship Purchase Agreement.
Ro-ro vessels offer meaningful sustainability benefits, using significantly less energy than traditional cargo ships and lowering carbon emissions per voyage by about 30%. These vessels are equipped with advanced technologies such as LNG dual-fuel propulsion, methanol-ready systems, and integrated solar panels to cut emissions further.
“This partnership aims to strengthen NCT’s business fundamentals by adding long-term, contracted cash flow and expanding our fleet with green-technology assets,” said Zhu Muchun, CEO and President of NCT. “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.”
The company added that rising demand from sectors like new energy vehicles and cross-border e-commerce is helping drive its expansion into the ro-ro shipping market.