COSCO Shipping Energy Transportation, Subsidiaries Sign 7.88 Billion Yuan Contracts

MT Newswires Live12-15

COSCO Shipping Energy Transportation (SHA:600026, HKG:1138) and its subsidiaries secured construction contracts worth 7.88 billion yuan with related-party COSCO Shipping Heavy Industry for 19 vessels as of Dec. 12, according to a Shanghai bourse filing on Saturday.

The Chinese shipping company's Shanghai shares rose less than 2% at the close and Hong Kong shares rose 1% during Monday's afternoon trade.

The ships to be built include various oil tankers and ethylene carriers.

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