COSCO Shipping Energy Transportation Co., Ltd. (1138)

Overview

COSCO SHIPPING Energy Transportation Co., Ltd. operates as an investment holding company primarily involved in the transportation of oil, liquefied natural gas (LNG), and chemicals. It maintains a significant presence both within the coast of the People's Republic of China and on an international scale, showcasing a diversified portfolio in the shipping industry. Initially known as China Shipping Development Company Limited, the entity underwent a rebranding to its current name in October 2016, marking a new chapter in its operations. Established in 1994, COSCO SHIPPING Energy Transportation Co., Ltd. is headquartered in Shanghai, China. As of the end of 2022, the company's fleet included 159 oil tankers and 62 LNG vessels, signifying its substantial capacity to meet various transportation needs in the energy sector.

Products and Services

• Oil Shipment

COSCO SHIPPING Energy Transportation Co., Ltd. provides extensive oil shipping services, covering the global transportation of crude oil, refined oil, and other oil-related products. As of December 31, 2022, the company boasted a formidable fleet of 159 oil tankers, ensuring a total carrying capacity of 23.34 million deadweight tons (DWT), which positions the company as a key player in the global oil transportation industry.

• LNG Transportation

The company also specializes in the transportation of liquefied natural gas (LNG) through a fleet that includes 62 LNG vessels. This includes 40 vessels with a combined capacity of 6.77 million cubic meters and a noteworthy involvement in vessels with a smaller capacity of 3.73 cubic meters, underscoring its versatility and commitment to catering to different LNG transportation needs.

• Chemical Shipment

Expanding its range of services, COSCO SHIPPING Energy Transportation Co., Ltd. is involved in the shipping of various chemicals, leveraging its expertise and specialized fleet to safely and efficiently transport chemical products across different parts of the world.

• Vessel Chartering

The company offers vessel chartering services, providing customers with tailored solutions for their shipping needs. This flexibility in service allows for a broad range of transportation requirements to be met, further enhancing the company's adaptability in the dynamic shipping industry.

• Liquefied Petroleum Gas (LPG) Shipment

Alongside its LNG transportation services, COSCO SHIPPING Energy Transportation Co., Ltd. extends its expertise to the shipment of liquefied petroleum gas (LPG), catering to the increasing demand for this cleaner energy source globally.

• Shipping Agency Services

The company further diversifies its portfolio by offering shipping agency services, assisting in various aspects of maritime shipping operations and logistics. This comprehensive suite of services solidifies COSCO SHIPPING Energy Transportation Co., Ltd.'s position as a full-service provider in the maritime transportation sector.