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Company Profile

COSCO SHIPPING Energy Transportation Co., Ltd. (“COSCO SHIPPING Energy” or “the Company”, together with its subsidiaries, the “Group”) is a specialised company engaging in energy shipment such as oil and natural gas, and is a subsidiary of China COSCO Shipping Corporation Limited. Its predecessor is China Shipping Development Company Limited (01138, 600026), headquartered in Shanghai, and its principal subsidiaries include COSCO SHIPPING Tanker (Shanghai) Co., Ltd. (“Shanghai Tanker”), COSCO SHIPPING Tanker (Dalian) Co., Ltd. (“Dalian Tanker”), COSCO SHIPPING LNG Investment (Shanghai) Co., Ltd., China Shipping Development (Hong Kong) Marine Co., Limited and COSCO SHIPPING Tanker (Singapore) Pte. Ltd.

As at 31 December 2017, COSCO SHIPPING Energy owned 116 oil tankers with a total shipping capacity of 17.15 million deadweight tonnes (“DWT”) and ranked first globally with an average capacity of 147,800 DWT and an average age of 7.7 years. The Company also held an order of 24 oil tankers with a total shipping capacity of 4.6 million DWT.

As at 31 December 2017, the Company (together with its joint ventures and associates) operates 16 liquified natural gas (“LNG”) vessels and held an order of 22 LNG vessels.

COSCO SHIPPING Energy has maintained good cooperative relationship with more than 440 customers globally and the routes span across the world. The Company insists on the concept of “Intrinsically Safe and Safe Development”, actively taking in the safety concept of DuPont and fully implementing the TMSA system. Its domestic leading staff training center is equipped with advanced facilities and is well-known in the industry. The five-in-one management system involving safety, quality, environment, energy and occupational health has been established. The subordinate units of the Company have been awarded the honorary title such as the “National Company with safety and integrity”, Gold Award of the “Best Shipping Company in the Freight Industry of China”, the “Tanker Operator Award” of the International Maritime Organization in China and the “National Civilised Unit”.

COSCO SHIPPING Energy is committed to being an excellent leader in the global energy transportation industry with strong international competitiveness, brand influence and positive reputation from its clients. It will rely on the initiative of “One Belt One Road” with the objective of global operation strategy to serve large-scale petrochemical enterprises and strategic partners, thus provide the customers with quality services of all ship types, globalisation and around the clock.

 
 
About Us
COSCO Shipping Energy Transportation Co., Ltd. (“COSCO Shipping Energy”) is a specialized company engaging in energy shipment such as oil and gas, comprising China COSCO Shipping Corporation Limited. Its predecessor is China Shipping Development Company Limited (01138K, 600026), headquartered Shanghai, the main subsidiaries include COSCO Shipping Tanker (Shanghai) Co., Ltd., COSCO Shipping Tanker (Dalian) Co., Ltd., China Shipping Group Gas Investment Co., Ltd., China Shipping Development (Hong Kong) Marine Co., Limited and China Shipping Development (Singapore) Marine Co., Limited.
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