COSCO SHIPPING Energy Transportation Stock

COSCO SHIPPING Energy Transportation Co., Ltd., an investment holding company, engages in the shipment of oil, liquefied natural gas (LNG), and chemicals along the coast of the People’s Republic of China and internationally. The company is a subsidiary of China Shipping Group Company Limited.

As of December 31, 2018, the company owned and controlled 151 oil tankers with a total capacity of 21.88 million dead weight tonnage (DWT), including 137 self-owned oil tankers with a capacity of 19.02 million DWT, 14 leased oil tankers with a capacity of 2.87 million DWT, and an order of 16 oil tankers with a capacity of 3.06 million DWT.

As of December 31, 2018, the company had a total of 38 jointly-invested LNG vessels, including 26 LNG vessels in operation with capacity of 4,350,000 cubic meters and 12 LNG vessels under construction with aggregate capacity of 2,080,000 cubic meters.

Segments

The company operates through Oil Shipment and Others segments.

Oil Shipment

This segment includes oil shipment and vessel chartering.

Others

This segment mainly includes LNG shipping and liquefied petroleum gas shipping.

History

COSCO SHIPPING Energy Transportation Co., Ltd. was founded in 1994. The company was formerly known as China Shipping Development Company Limited and changed its name to COSCO SHIPPING Energy Transportation Co., Ltd. in October 2016.