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Tankers and Gas Cosco Shipping Energy Transportation Shipbuilding

Cosco Shipping Energy to inject $150m into Hainan unit for nine tanker newbuilds

  • Capital injection will be used to build six very large crude carriers and three aframax tankers for CSET Hainan
  • Move part of the state-backed shipping company’s broader fleet renewal following separate $340m injection into its Shanghai LNG unit

  • News

Chinese oil and gas shipping giant prolongs fleet upgrade after first-quarter profits more than doubled off the back of the Hormuz crisis

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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