COSCO SHIPPING Energy Transportation Co Ltd (HIFH)

Overview

COSCO SHIPPING Energy Transportation Co., Ltd., established in 1994 with its headquarters in Shanghai, China, serves as an investment holding entity predominantly engaged in the transportation of oil, liquefied natural gas (LNG), and chemicals both within the coastal regions of the People's Republic of China and globally. Initially known as China Shipping Development Company Limited, it underwent a rebranding to its current name in October 2016, emphasizing its specialized focus on energy transportation. The company’s operations are categorized into Oil Shipment and LNG segments, showcasing its diversified service offerings in the energy sector.

Products and Services

• Oil Transportation - Specializing in the shipment of crude oil, fuel oil, and various other types of oil, COSCO SHIPPING Energy Transportation boasts an impressive fleet of 159 oil tankers. These tankers, together, have a total capacity of 23.34 million deadweight tons (DWT), facilitating significant volumes of oil transport across international waters.
• LNG Transportation - In the realm of liquefied natural gas (LNG) transportation, the company has made substantial investments in LNG vessels, amounting to a total of 62. This fleet includes 40 LNG vessels boasting a combined capacity of 6.77 million cubic meters, further supplemented by 2 additional vessels with a capacity of 3.73 cubic meters. This segment is vital for meeting the growing global demand for clean energy sources.
• Chemical Transportation - Beyond conventional energy sources, COSCO SHIPPING Energy Transportation extends its expertise to the shipment of chemicals, employing specialized vessels designed to safely transport these substances along international maritime routes.
• Vessel Chartering Services - Offering chartering services, the company caters to clients' specific needs, providing flexible transportation solutions through its diversified fleet. This service allows for the customization of shipping requirements depending on the cargo and the desired routes.
• Shipping Agency Services - Complementing its core transportation services, COSCO SHIPPING also provides comprehensive shipping agency services. This includes a full range of logistical support services like cargo handling, customs clearance, and documentation, ensuring a seamless shipping experience for their clients.