---
title: "COSCO SHIPPING Energy Orders Two Panamax Crude Oil Tankers in Connected Deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282933809.md"
description: "COSCO SHIPPING Energy Transportation Co (HK:1138) has announced plans to sign contracts with Qidong Offshore for the construction of two Panamax crude oil tankers, valued at RMB1,018 million. This move aims to enhance its crude oil fleet and energy transportation operations. The transactions are classified as discloseable and connected under Hong Kong listing rules, requiring notification and reporting. The latest analyst rating for COSCO SHIPPING Energy is a Buy, with a price target of HK$26.00."
datetime: "2026-04-15T15:14:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282933809.md)
  - [en](https://longbridge.com/en/news/282933809.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282933809.md)
---

# COSCO SHIPPING Energy Orders Two Panamax Crude Oil Tankers in Connected Deal

### Claim 30% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) just unveiled an update.

COSCO SHIPPING Energy Transportation plans to sign shipbuilding contracts with Qidong Offshore, an indirect wholly owned unit of its controlling shareholder COSCO SHIPPING, for the construction of two Panamax crude oil tankers. The vessels, with a combined price of RMB1,018 million, will expand the group’s crude oil fleet and support its energy transportation operations.

Because Qidong Offshore is a connected person under Hong Kong listing rules, the transactions are classified as discloseable and connected, triggering notification, reporting and announcement obligations. The deals are aggregated with previous related transactions for compliance purposes, with applicable percentage ratios above 5% but below 25%, implying moderate scale and regulatory scrutiny without changing the overall transaction classification.

The most recent analyst rating on (HK:1138) stock is a Buy with a HK$26.00 price target. To see the full list of analyst forecasts on COSCO SHIPPING Energy Transportation Co stock, see the HK:1138 Stock Forecast page.

**More about COSCO SHIPPING Energy Transportation Co**

COSCO SHIPPING Energy Transportation Co., Ltd. is a PRC-incorporated shipping company focused on energy transportation, particularly crude oil. Listed in Hong Kong, it operates a fleet of oil tankers serving global energy trade routes and plays a key role in COSCO SHIPPING Group’s broader maritime logistics and energy shipping network.

**Average Trading Volume:** 42,107,935

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$128.5B

For a thorough assessment of 1138 stock, go to TipRanks’ Stock Analysis page.

### Related Stocks

- [01138.HK](https://longbridge.com/en/quote/01138.HK.md)
- [600026.CN](https://longbridge.com/en/quote/600026.CN.md)

## Related News & Research

- [COSCO SHIPPING Energy Schedules Board Meeting to Approve Q1 2026 Results](https://longbridge.com/en/news/282934049.md)
- [TEN Ltd. Announces an Up to Five-Year Charter Extension of Two DP2 Shuttle Tankers | TEN Stock News](https://longbridge.com/en/news/283896773.md)
- [How Liquified NATURAL GAS Tankers Work](https://longbridge.com/en/news/283867120.md)
- [Auri Inc. ("AURI") Appoints Bon Halder as Interim CEO to Lead Energy-Focused Execution Strategy | AURI Stock News](https://longbridge.com/en/news/283666864.md)
- [Neutral on energy due to sector's supply constraints, says Barclays' Venu Krishna](https://longbridge.com/en/news/283706734.md)