COSCO SHIPPING Energy Transportation Co (HK:1138) has released an update.
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COSCO SHIPPING ENERGY TRANSPORTATION CO., LTD. has entered into contracts for the construction of two new LNG carriers with Dalian Shipbuilding and China Shipbuilding Trading, at a total cost of RMB3.46 billion. This transaction, significant enough to require a formal announcement under Hong Kong Listing Rules, reflects the company’s expansion in the LNG transportation sector. The deal includes stringent payment terms and guarantees for vessel performance and delivery.
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