COSCO SHIPPING Energy Transportation Co (HK:1138) has released an update.
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COSCO SHIPPING Energy Transportation Co. has entered into contracts to build six very large crude carriers, worth RMB5,748 million, in partnership with Dalian Shipbuilding and China Shipbuilding Trading. These new carriers, designed to be dual-fuel ready for LNG and methanol, mark a significant expansion in COSCO’s fleet capabilities. The transaction is classified as discloseable under Hong Kong Listing Rules, highlighting its strategic importance.
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