COSCO SHIPPING Energy Transportation Co., Ltd.
CSDXF
Other OTC1.75
USD
- -
- -
ISIN
CNE1000002S8
Return %
Stock
S&P500
1Y
116.05
19.99
3Y
63.55
68.07
5Y
281.26
72.03
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Maijin Zhu
- Full Time Employees
- 7,854
- Sector
- Industrials
- Industry
- Marine Shipping
- Address
- 670 Dongdaming Road Shanghai People's Republic of China 200080
- IPO Date
- Jan 8, 2021
- Website
- energy.coscoshipping.com
- Similar Companies
- Business
- COSCO SHIPPING Energy Transportation Co., Ltd. (CSDXF) is a China-based investment holding company primarily engaged in the international and domestic transportation of crude oil, refined oil products, liquefied natural gas (LNG), liquefied petroleum gas (LPG), chemicals and other bulk liquid hazardous cargoes; it operates a diversified fleet encompassing very large crude carriers (VLCCs), Suezmax, Aframax/LR2, Panamax/LR1, medium-range (MR) tankers, LNG carriers, fully pressurized, semi-refrigerated and fully refrigerated LPG carriers, and IMO type 1, 2 and 3 chemical tankers, with services including spot market chartering, time chartering, contracts of affreightment (COAs), pool operations and whole-process energy logistics solutions. As the world's largest oil tanker owner by fleet capacity with 157 owned and controlled oil tankers totaling 23.448 million deadweight tons (DWT) plus 18 under construction, and a leading player in China's LNG shipping market with investments in 87 LNG carriers (52 operational at 8.763 million cubic meters plus 35 under construction), the company also maintains 12 LPG carriers (0.126 million cubic meters capacity, including one bareboat charter, plus two under construction) and eight chemical tankers (0.073 million DWT plus two under construction), primarily serving major oil companies, independent refineries and energy traders via long-term charters, domestic coastal routes and global trade flows from the Middle East, West Africa, Russia, the US and Atlantic regions to Asia, Europe and other consumption markets. Headquartered in Shanghai and founded on June 6, 2016, through the merger and reorganization of energy transportation assets from China Ocean Shipping (Group) Company and China Shipping (Group) Company under parent China COSCO SHIPPING Corporation Limited, the company conducts operations principally in the People's Republic of China with a global marketing service network, satellite offices and diversified shipping routes supported by advanced safety management systems compliant with International Maritime Organization standards. In recent developments, COSCO SHIPPING Energy Transportation completed acquisitions on October 31, 2024, integrating chemical logistics from affiliates COSCO SHIPPING Investment Dalian Co., Ltd. and COSCO Shipping (Shanghai) Co., Ltd., including 100% stakes in Shanghai COSCO SHIPPING Chemical Carrier Co., Ltd. (formerly China Shipping Chemical Carrier), COSCO SHIPPING Energy Chemical Carrier (Hong Kong) Co., Ltd., plus 70% in Shenzhen COSCO Longpeng LPG Transportation Co., Ltd. and 87% in Hainan Zhaogang Shipping Co., Ltd., for approximately RMB1.05 billion to bolster LPG and chemical segments; it ordered six methanol dual-fuel tankers in December 2023 from COSCO SHIPPING Heavy Industry, comprising three 114,200 DWT Aframax crude oil carriers and smaller Panamax/MR vessels for delivery by late 2027; and signed a November contract with Dalian Shipbuilding Industry and China Shipbuilding Trading for six 307,000 DWT vessels, reflecting strategic fleet modernization and expansion into clean energy amid volatile market conditions.