COSCO SHIPPING Energy Transportation news

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COSCO Shipping Energy Transportation Co., Ltd., stylized as COSCO SHIPPING Energy, is a Chinese oil tanker shipping company with its headquarters in Hongkou District, Shanghai. The company transports crude oil, LNG, and LPG. It is a subsidiary of COSCO Shipping. It is the world's largest oil tanker shipping company in terms of fleet capacity.

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economy1 d ago

COSCO SHIPPING Energy Transportation injects 1.7 billion yuan into Shanghai LNG

According to 36Kr, COSCO SHIPPING Energy Transportation announced a 1.7 billion yuan cash capital increase to its wholly-owned subsidiary Shanghai COSCO Shipping LNG Investment Co., Ltd., using self-funds to optimize capital structure and boost green, low-carbon, and industry-chain-coordinated transport capabilities. The move was approved on September 28, 2026 by the company's 13th board meeting of 2026, with no need for a shareholders' meeting and it does not constitute a major asset reorganization.

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COSCO SHIPPING Energy Transportation injects 1.7 billion yuan into Shanghai LNG

economy1 d ago

coda.news AI summary

The company will inject 1.7 billion yuan in cash into Shanghai COSCO Shipping LNG Investment Co., Ltd.
Funds are self-funded by COSCO SHIPPING Energy Transportation.
Purpose is to optimize capital structure and build green, low-carbon, industry-chain-coordinated transport capabilities.
The decision was approved at the 13th board meeting of 2026 on September 28, with no shareholder meeting required and it is not a major asset reorganization.

COSCO SHIPPING Energy Transportation