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Cosco Shipping Energy Transportation Returns To 9-Month Net Profit Of 582.8 Mln Yuan
China's CNOOC Says Cosco Sanctions Will Have Some Impact On Oil And Gas Transportation From Overseas Oil Fields To China
Cosco Shipping Energy Transportation Says Unit Transferred 50% Stake In China LNG Shipping To Co
COSCO SHIPPING Energy Transportation Co.,Ltd., formerly China Shipping Development Company Limited, is a shipping company mainly engaged in oil products shipping and liquefied natural gas (LNG) shipping. The oil products that the Company ships include crude oil and refined oil products. The Company is also engaged in the shipment of dry bulk goods, such as coal, iron ore and other dry bulk, as well as vessel chartering. The Company operates it business in domestic market and overseas markets.
East Daming Road, Hongkou District
Chairman of the Board
Chief Accounting Officer
General Manager, Executive Director
Deputy General Manager
Deputy General Manager
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A supertanker owned by COSCO Shipping Tankers (Dalian) has received a temporary waiver from U.S. sanctions that has allowed the ship to discharge crude oil cargoes, a source with direct knowledge of the matter said on Wednesday.
* LNG tanker rates nearly double in a week - sources (Adds chart)
China National Offshore Oil and Gas Company (CNOOC) is on the hunt for liquefied natural gas (LNG) tankers to charter, several industry sources told Reuters, looking to replace ships it had previously hired that are linked to a Chinese company sanctioned by the United States...
* Exxon says oil discharge is in compliance with U.S. laws (Adds U.S. State Department comment)
A supertanker owned by a subsidiary of COSCO Shipping Tanker (Dalian), which is under United States sanctions for alleged transportation of Iranian oil, has docked in Singapore to discharge its Middle East crude cargoes, shipping data on Refinitiv Eikon showed on Thursday.
About one-third of the oil tankers owned by COSCO Shipping Tanker (Dalian) have shut off their ship-tracking transponders since the United States imposed sanctions on the company for allegedly shipping Iranian crude, shipping data showed.
Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.
* Uncertainty in market over how sanctions will be implemented (Adds detail, comment from industry sources, COSCO Shipping Energy)
Cosco Shipping Energy Transportation Co Ltd:
COSCO Shipping Energy Transportation Co Ltd said it would issue 5.4 billion yuan ($814 million) worth of shares, to fund construction of 14 oil tankers and to complete the purchase of other two oil tankers.
Cosco Shipping Energy Transportation Co Ltd-
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.