COSCO Shipping Energy Transportation sees 141% first half profit surge

🇬🇧 Seatrade Maritime (GB) —

AI Summary

COSCO Shipping Energy Transportation reported a 141% surge in profit for the first half, driven by sharply rising crude carrier freight rates. The tanker owner's net profit is expected to reach RMB 4.5 billion amid strong market demand.

The tanker owner expects H1 net profit of RMB4.5bn as crude carrier freight rates climbed sharply across mainstream segments.

Markets Energy Shipping COSCO profit surge shipping crude carrier freight rates RMB tanker owner

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