COSCO Shipping Energy orders two Panamax crude oil tankers for RMB 1.02 billion

PUBT·04/15/2026 14:50:13

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COSCO Shipping Energy Transportation plans to sign two shipbuilding contracts with Qidong Offshore for two Panamax crude oil tankers.
Aggregate contract value set at RMB 1.0 billion, with each vessel priced at RMB 509 million.
Vessels specified at 74,900 DWT each, with deliveries expected by end-October 2028 and end-November 2028.
Funding plan targets about 80% external financing, with remaining 20% from internal resources.
Contracts qualify as discloseable and connected transactions under Hong Kong listing rules due to Qidong Offshore link to COSCO SHIPPING group.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. COSCO Shipping Energy Transportation Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260415-12107262), on April 15, 2026, and is solely responsible for the information contained therein.

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