China Merchants Energy Shipping Co., Ltd. (601872.SH) has released its semi-annual report for 2026, showing the company achieved operating revenue of RMB 19.651 billion during the reporting period, a year-on-year increase of 56.15%. Net profit attributable to shareholders of the listed company reached RMB 6.96 billion, representing a substantial rise of 227.57% compared to the same period last year.
After deducting non-recurring gains and losses, the net profit stood at RMB 6.907 billion, up 262.36% year-on-year. Basic earnings per share amounted to RMB 0.86. The company has proposed a cash dividend of RMB 1.30 (tax inclusive) for every 10 shares held.
During the first half of 2026, the company's fleet completed a total cargo volume of 123.5985 million tons, a year-on-year increase of 5.4%, while turnover reached 762.6227 billion ton-nautical miles, up 4.22% year-on-year. The growth in cargo volume and turnover aligns with the company's expanding fleet capacity.
During the reporting period, the company's VLCC tanker fleet achieved a significant year-on-year increase in TCE (Time Charter Equivalent) levels. Toward the end of the reporting period, the company capitalized on relatively favorable market rates outside the Middle East Gulf via the Strait of Hormuz to secure several voyages, laying a solid foundation for operations in the second half of the year.
Due to a higher proportion of long-haul routes in the Atlantic, the company's transportation volume for the first half of the year totaled 39.12 million tons, a year-on-year decrease of 8.9%, with turnover of 299.696 billion ton-nautical miles, down 2.22% year-on-year.
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