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

Profile

https://energy.coscoshipping.com

COSCO Shipping Energy Transportation Co., Ltd. is an investment holding company specializing in the transportation of oil and liquefied natural gas (LNG) across China and internationally. Founded in 1994 and headquartered in Shanghai, China, it operates within the energy sector, particularly oil and gas midstream activities, supporting global energy supply chains through vessel chartering, liquefied petroleum gas shipments, and shipping agency services. As of December 31, 2023, the company owned 156 oil tankers with a total capacity of 23.06 million deadweight tons and invested in 83 LNG vessels, comprising 43 vessels at 7.2 million cubic meters and 40 at 6.96 million cubic meters. Formerly known as China Shipping Development Company Limited, it rebranded in October 2016 to align with its parent group. Employing approximately 7,854 people, COSCO Shipping Energy Transportation plays a vital role in the maritime logistics of energy commodities, contributing to the efficiency of international trade in fossil fuels and cleaner LNG alternatives. Its operations underscore the strategic importance of shipping in the energy industry's infrastructure.