SHA:600428

COSCO SHIPPING Specialized Carriers to Invest Up to 2.6 Billion Yuan in Eight Heavy-Lift Vessels

COSCO SHIPPING Specialized Carriers (SHA:600428) plans to build eight 60,000-ton class multi-purpose heavy-lift vessels at CSSC Chengxi Shipbuilding for up to 2.62 billion yuan.Deliveries are scheduled between April 2029 and June 2030, with five installment payments, according to a Wednesday filing with the Shanghai bourse.The project yields an estimated 6.64% internal rate of return and a 12.5-year payback period.Shares of the shipping company rose 2% in recent trade.

COSCO Shipping Specialized Carriers Expects Up to 70% Rise in H1 Attributable Profit

COSCO Shipping Specialized Carriers (SHA:600428) forecasts attributable profit to rise 55% to 70% to between 1.28 billion yuan and 1.40 billion yuan in the first half from 824.9 million yuan in the year-ago period, according to a Friday filing with the Shanghai bourse.The shipping company attributed the forecast to higher shipping revenue, gross profit, and time charter rates by leveraging its fleet growth and capacity optimization.

CICC Upgrades COSCO Shipping Specialized Carriers to Outperform from Market Perform; Price Target is 9.88 Yuan

COSCO Shippig Specialized Carriers Plans Bond Issue of Up to 5 Billion Yuan

COSCO Shipping Specialized Carriers (SHA:600428) plans to register for issuance up to 5 billion yuan in bonds with a maximum term of 20 years.Proceeds will be used for repaying debts, replenishing working capital, paying ship construction costs and other permitted purposes, according to a Tuesday filing with the Shanghai bourse.The registration is valid for two years.