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COSCO Haineng (600026.SH) subsidiary plans to invest in the construction of 6 VLCC crude oil tankers

Zhitongcaijing·11/09/2026 12:17:36
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According to the Zhitong Finance App, COSCO Haineng (600026.SH) announced that on November 9, 2026, Hainan Haineng (as the buyer), a wholly-owned subsidiary of the company, signed a contract with Yangzhou Heavy Industries (as the seller) for the construction of 6 VLCC crude oil tankers. The total contract price (tax included) was RMB 5.689 billion.

The six VLCC crude oil tankers are expected to be delivered and operated in 2029-2030, which will effectively supplement the Group's capacity, enhance the overall competitiveness of the fleet, consolidate and expand the company's foreign trade crude oil transportation market share, and enhance customer service capabilities and operational resilience, thus having a positive impact on the company's long-term revenue and profit level.