China Merchants Energy Shipping: The Board of Directors approves a long-term lease of 4 VLCCs for 2.7 billion RMB.

COSCO SHIPPING Energy Transportation announced that the company's seventh board meeting in 2026 was held by means of communication voting, and the proposal for the long-term charter of four VLCCs was approved. It was approved to charter four VLCCs from independent third parties for a period of 60-63 months, with a total rental amount of approximately 2.7 billion RMB. The voting result was 10 in favor, 0 against, and 0 abstentions.