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HKG:1138

8 stories mentioning HKG:1138Updated 21d ago

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Asia

COSCO Shipping Energy's Profit Surges 141% in H1

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) posted profit attributable to equity holders of 4.56 billion yuan for the first half of 2026, up 141% from 1.89 billion yuan a year earlier.Earnings per share increased to 0.8322 yuan from 0.3969 yuan, according to a Friday Hong Kong bourse filing.Revenue increased 30% year over year to 15.08 billion yuan from 11.58 billion yuan.The board approved an interim dividend of 0.28 yuan per share.

HKG:1138SHA:600026
Asia

COSCO Shipping Forecasts 141% Boost in H1 Profit

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) expects attributable profit of around 4.5 billion yuan for the six months ended June 30, up 141% from 1.87 billion yuan, as restated, a year prior.The company attributed the forecast to significantly higher freight rates for all vessel types, according to a Friday Hong Kong bourse filing.Other reasons included the activation of a regional emergency response plan for the Middle East and efficient communication with customers, as well an adjustment in the operating routes of various vessel types.

HKG:1138SHA:600026
Asia

COSCO Shipping Energy Lowers Share Option Exercise Prices; Shares Down 7%

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) lowered the exercise prices of share options granted under its 2023 share incentive scheme following its 2025 final dividend payment, according to a Friday Hong Kong bourse filing.The company reduced the exercise price of initially granted share options to 11.84 yuan per share from 12.22 yuan per share, and lowered the exercise price of reserved share options to 11.50 yuan per share from 11.88 yuan per share.The adjustment follows shareholder approval of a final cash dividend of 0.38 yuan per share for 2025 at the company's annual general meeting on Thursday.Shares of the comany fell nearly 7% in Hong Kong and were down almost 5% in Shanghai recently.

HKG:1138SHA:600026
Asia

COSCO Shipping Awards 6.45 Billion Yuan Contract for Four LNG Vessels to Jiangnan Shipyard

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) has awarded a 6.45 billion yuan contract to Jiangnan Shipyard for the construction of four LNG vessels, according to a Tuesday filing with the Hong Kong bourse.The company is seeking four LNG carriers, each with a guaranteed cargo capacity of at least 175,000 cubic metres and a deadweight of approximately 80,800 metric tons at design draught, each.Each vessel will cost about 1.61 billion yuan and COSCO Shipping said it would settle payment in five installments.The vessels are scheduled for delivery between 2029 and 2030, and will help "reinforce and expand" the shipping capacity of the company's LNG fleet, COSCO Shipping said.

HKG:1138SHA:600026
Asia

COSCO Shipping Unit to Lease Two Gas Carriers

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) said its Future Ocean unit agreed to lease two gas carriers from Singapore's Seaspan Corp. for a period of 20 years, according to a Tuesday filing with the Hong Kong bourse.The Chinese shipping company's Hong Kong-listed shares fell over 4% in late morning trade Wednesday.The firm will pay a fixed rental amount of 3.40 billion yuan for the lease.The new carriers will help optimize and upgrade the company's business structure, COSCO Shipping said.Meanwhile, in a separate announcement, the firm said it agreed to guarantee the borrowings of several of its subsidiaries.

HKG:1138SHA:600026
Asia

COSCO Shipping Energy's Profit Rises Sharply in Q1

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) recorded 2.17 billion yuan in attributable profit during the first quarter of 2026, more than triple the 708.5 million yuan recorded a year earlier, according to a Hong Kong bourse filing Monday.The Chinese shipping company's Hong Kong-listed shares fell over 3% in late morning trade Tuesday.Earnings per share were 0.3971 yuan, compared with 0.1485 yuan in the prior year.Revenue jumped 27% year on year to 7.30 billion yuan, figures showed.

HKG:1138SHA:600026
Asia

COSCO Shipping Energy to Buy Dalian Unit for 1.6 Billion Yuan

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) will accquire 100% of COSCO SHIPPING Investment Dalian for about 1.59 billion yuan, according to a Tuesday Hong Kong bourse filing.The company is buying the asset from its controlling shareholder, China COSCO Shipping Corporation.Dalian COSCO Energy, a wholly owned unit, will fund about 60% of the consideration through external financing and the remainder via internal resources.Upon completion, the target will become an indirect wholly owned subsidiary, and certain existing agreements with related parties will continue as ongoing connected transactions.COSCO Shipping Investment Dalian operates as an investment and asset management platform focused on shipping-related businesses, including liquefied gas transportation assets under development and a hazardous chemicals logistics park in Dalian, the filing said.

HKG:1138SHA:600026
Equities

COSCO Shipping Energy Orders Two Panamax Tankers

COSCO Shipping Energy Transportation (SHA:600026, HKG:1138) ordered two Panamax crude oil tankers for 1.02 billion yuan, according to a Hong Kong filing on Wednesday.Hong Kong-listed shares of the Chinese shipping company slid 4% on Thursday.COSCO SHIPPING (Qidong) Offshore, a subsidiary of COSCO SHIPPING Heavy Industry, will build the Panamax ships and deliver them in the fourth quarter of 2028.

HKG:1138SHA:600026

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