COSCO Shipping Appoints Chairman
COSCO Shipping (HKG:1919, SHA:601919) appointed Wan Min as chairman of the board, effective Wednesday, according to a same-day Hong Kong bourse filing.The company also named Zhang Feng as vice chairman.
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COSCO Shipping (HKG:1919, SHA:601919) appointed Wan Min as chairman of the board, effective Wednesday, according to a same-day Hong Kong bourse filing.The company also named Zhang Feng as vice chairman.
A ship registered to COSCO Shipping (HKG:1919, SHA:601919) crossed through the Strait of Hormuz on Wednesday, Reuters reported Thursday, citing live shiping data.Ships passing through the strait have become a rarity due to the war in Iran.COSCO's Hua Lin Wan was carrying oil products as it crossed the strait, the report said, citing satellite data from analytics specialists SynMax.Since May 13, two other COSCO tankers have passed through the strait, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Chinese supertanker Yuan Hua Hu passed through the Strait of Hormuz on Wednesday, sailing toward a U.S. blockade, Bloomberg News reported Wednesday.The 2-million-barrel vessel, owned by COSCO Shipping (SHA:601919, HKG:1919) units, passed Iran's Larak island into the Gulf of Oman, according to the report. Fully loaded after lifting crude from Iraq's Basrah terminal in March, the ship signals Zhoushan, China as its destination.This is the third transit by a Chinese very large crude carrier since the war began, Bloomberg wrote.Shares of COSCO Shipping rose 1% on the Shanghai bourse on Thursday and 2% on the Hong Kong bourse.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
COSCO Shipping's (HKG:1919, SHA:601919) first quarter 2026 attributable profit fell 50% to 5.88 billion yuan from 11.69 billion yuan a year earlier, according to a Hong Kong bourse filing Wednesday.The shipping company's Hong Kong shares fell over 1% in afternoon trade Thursday.Earnings per share were 0.38 yuan, compared with 0.74 yuan in the prior year period.Operating revenue fell 11% year on year to 51.80 billion yuan, figures showed.