COSCO Shipping: Orders 10 VLCC oil tankers, total price approximately 8.566 billion yuan.

Sina Finance News on March 30th, CMA CGM announced that the company, through its wholly-owned subsidiary Haohong Shipping Co., Ltd., signed 10 shipbuilding agreements with Dalian Shipbuilding Industry Group Co., Ltd. for the construction of 10 traditional fuel VLCC tankers with scrubbers and shaft generators. The total price of the agreements is approximately RMB 8.566 billion. The delivery period is from 2028 to 2030. This transaction does not constitute a related party transaction or a major asset restructuring, and does not meet the shareholder meeting approval standards.