6 stories mentioning SHA:601872Updated 10d ago
Every FINWIRES story that references SHA:601872, newest first.
China Merchants Energy Shipping (SHA:601872) plans to order six 343,000-deadweight-ton ore carriers through a related-party deal with China Merchants Shipbuilding.The total investment is capped at 4.93 billion yuan, with deliveries scheduled between 2029 and 2030, according to a weekend filing with the Shanghai bourse.Shares of the fleet operator rose 2% in recent trade.
China Merchants Energy Shipping (SHA:601872) proposed building a 210,000-deadweight-ton Newcastlemax bulk carrier and four 1,800 twenty-foot-equivalent-unit container vessels through a related-party transaction with China Merchants Shipbuilding Industry Group.The total investment is estimated at 1.51 billion yuan, according to a weekend filing with the Shanghai bourse. Delivery is scheduled for 2028.China Merchants Group controls China Merchants Energy Shipping and China Merchants Shipbuilding Industry Group.Shares of China Merchants Energy Shipping were down 3% in recent trade.
China Merchants Energy Shipping (SHA:601872) has taken delivery of a new 62,000-deadweight-tonnage (dwt) vessel, completing its four-vessel Supramax heavy-lift multipurpose order placed in 2023.The Pacific Virtue vessel was handed over to a wholly owned subsidiary of the company on Tuesday, according to a Shanghai bourse filing on Thursday.The vessel is equipped with three 150-ton cranes.
China Merchants Energy Shipping (SHA:601872) said China Petroleum & Chemical Corp. (SHA:600028, HKG:0386), or Sinopec, trimmed its stake in the company to 12.57% from 13.57%.Sinopec sold 80.7 million shares for about 1.45 billion yuan, according to a Tuesday filing with the Shanghai bourse.
China Merchants Energy Shipping's (SHA:601872) net profit attributable to shareholders in the first quarter soared 219% to nearly 2.76 billion yuan from 865.4 million yuan a year earlier, according to a Saturday filing on the Shanghai bourse.Earnings per share surged 209% year on year to 0.34 yuan from 0.11 yuan.Operating revenue jumped 53% to 8.56 billion yuan from 8.60 billion yuan in the previous year.
China Petroleum & Chemical (HKG:0386, SHA:600028) or Sinopec will reduce its shareholding in China Merchants Energy Shipping (SHA:601872) by about 80.7 million shares, according to a Saturday filing with the Shanghai bourse.The reduction will be equivalent to not more than 1% of China Merchants' share capital, the filing said.Sinopec is the company's second-largest shareholder.
