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COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) has provided an announcement.
COSCO SHIPPING Energy Transportation Co., Ltd. has announced it entered into agreements for the construction of six oil tankers with COSCO SHIPPING Heavy Industry (Dalian) and COSCO SHIPPING Heavy Industry (Yangzhou) on February 14, 2025. The contracts, valued at RMB3,392 million, represent a connected transaction under the company’s governance rules, subject to shareholder approval. This move is expected to bolster the company’s fleet capabilities, enhancing its competitive positioning in the energy transportation market.
More about COSCO SHIPPING Energy Transportation Co
COSCO SHIPPING Energy Transportation Co., Ltd. operates within the shipping industry, focusing on the transportation of energy resources. It primarily engages in the shipping of oil and natural gas, leveraging its fleet to transport these essential commodities globally, with a significant market presence in China.
YTD Price Performance: 19.24%
Average Trading Volume: 1,351
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.1B
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