COSCO Shipping Energy (01138.HK) enters into charter agreements for 16 very large crude carrier (VLCC) vessels.

Zhitong Finance APP news, COSCO Shipping Energy (01138.HK) announced that on November 11, 2026, Huanyu Shipping (a wholly-owned subsidiary of the Company, as charterer) entered into a charter agreement with Orient Rich (a connected person of the Company, as owner/lessor), pursuant to which Huanyu Shipping has agreed to charter in 16 Very Large Crude Carrier (VLCC) vessels from Orient Rich, with a charter period of 240 months 90 days, calculated from the delivery date of each vessel.