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COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) has shared an announcement.
COSCO SHIPPING Energy Transportation Co., Ltd. has convened an extraordinary general meeting for 27 January 2026 in Shanghai, where shareholders will vote on approving and ratifying multiple shipbuilding contracts for new energy and product tankers. The resolutions cover contracts for an LNG dual-fuel ethylene carrier, Aframax and LR2 methanol dual-fuel crude and product oil tankers, as well as a series of LR1 and MR product and crude oil tankers to be built by COSCO SHIPPING Heavy Industry yards in Dalian, Yangzhou and Guangdong, with the board seeking authorization to implement all related transactions. These planned additions to the fleet signal a continued push toward dual-fuel and more environmentally advanced vessels, reinforcing the company’s capacity and positioning in energy shipping while potentially enhancing its competitiveness in cleaner marine transport solutions.
The most recent analyst rating on (HK:1138) stock is a Buy with a HK$12.90 price target. To see the full list of analyst forecasts on COSCO SHIPPING Energy Transportation Co stock, see the HK:1138 Stock Forecast page.
More about COSCO SHIPPING Energy Transportation Co
COSCO SHIPPING Energy Transportation Co., Ltd. is a PRC-incorporated, Hong Kong-listed company engaged in energy shipping, primarily operating oil and gas tankers to transport crude oil, petroleum products and related energy commodities for global and domestic markets.
Average Trading Volume: 26,147,923
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$68.37B
Learn more about 1138 stock on TipRanks’ Stock Analysis page.