China Merchants Energy Shipping: Plans to lease 4 VLCCs with a rental fee of approximately 2.7 billion yuan.

COSCO Shipping Energy Transportation announced that the Board of Directors approved the "Proposal on the Long-term Chartering of 4 VLCCs". According to the resolution, the company plans to charter in 4 VLCCs from independent third parties for a period of 60-63 months, with a total charter payment equivalent to approximately RMB 2.7 billion. The voting result was 10 in favor, 0 against, and 0 abstentions.