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