COSCO Shipping Energy Transportation (01138) plans to invest 6.445 billion yuan to construct four vessels.
China COSCO Shipping Corporation Limited (01138) announced that on June 2, 2026, the buyer (an indirectly wholly-owned subsidiary of the company, China LNG Shipping Investments) entered into a shipbuilding contract with Jiangnan Shipyard to build four ships, with a total investment of approximately RMB 6.45 billion.
COSCO Shipping Energy Transportation (01138) announced that on June 2, 2026, the buyer (an indirect wholly-owned subsidiary of the company, Far Seas LNG Investment) and Jiangnan Shipyard entered into a shipbuilding contract to build four vessels, with a total investment amount of approximately RMB 6.445 billion.
The vessels are four LNG carriers with a guaranteed cargo capacity of not less than 175,000 cubic meters and a deadweight of approximately 80,800 metric tons per vessel.
The construction of these four vessels, ordered independently by the company, is aimed at serving the national energy strategy, optimizing the LNG fleet structure and investment layout, and seizing market development opportunities. Through this transaction, the group will consolidate and expand the LNG fleet capacity, enhance its independent marketing and operational capabilities, strengthen its international strategic layout, and align with the company's long-term development strategy and the interests of all shareholders.
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