HK Stock Market Move | COSCO Shipping Energy Transportation (01138) rose nearly 3% recently, signing shipbuilding contracts worth nearly 8 billion yuan. Institutions are optimistic that a new round of upgrades for domestic fleets is expected to begin.

COSCO Shipping Energy Transportation (01138) rose nearly 3%, as of the time of the first draft, it rose 2.32% to HKD 9.71, with a turnover of HKD 39.8339 million. On the news front, COSCO Shipping Energy Transportation announced that on December 12, 2025, the Group signed shipbuilding contracts with Dalian COSCO Ship Heavy Industry, Yangzhou COSCO Ship Heavy Industry and Guangdong COSCO Ship Heavy Industry for the construction of one ethylene ship and eighteen oil tankers, with a total value of RMB 7.882 billion. It is worth mentioning that recently, China Shipbuilding Group and China COSCO Shipping Group completed a cooperation agreement on a new shipbuilding project in Shanghai, involving 87 ships of various types, with a total amount exceeding RMB 50 billion. Founder pointed out that this is not only the highest amount of a single domestic cooperation agreement signed by Chinese shipping companies, but also a milestone event in the strategic collaboration between the world's top shipbuilding companies and shipping companies as the global shipping and shipbuilding industry accelerates towards green and intelligent development, which may lead to a new round of fleet upgrades and industry cooperation.