About COSCO SHIP ENGY Company

COSCO SHIPPING Energy Transportation Co., Ltd. (“COSCO SHIPPING Energy” or “the Company”, together with its subsidiaries, collectively, the “Group”) is a specialized company under China COSCO SHIPPING Group Co., Ltd. (“COSCO SHIPPING”, together with its subsidiaries, collectively known as “COSCO SHIPPING Group”). COSCO SHIPPING Energy was reorganized from the energy transportation sectors of the two major groups of COSCO SHIPPING and was established in Shanghai on June 6, 2016 to become a full-process energy transportation solution provider. Customers provide a full range of ship types, globalization, Excellent service around the clock. COSCO SHIPPING Energy focuses on the two core businesses of tanker transportation and LNG transportation. It has many years of rich experience and high brand awareness, and has established a good corporate image in the industry. As one of the industry leaders, the company operates globally with a full range of tankers. The company vigorously develops VLCCPOOL's operating model, improves the efficiency and effectiveness of fleet operations, and makes every effort to create a new win-win situation between customers and shipowners, and between shipowners. COSCO SHIPPING Energy is a leader in China's LNG transportation business and an important participant in the global LNG transportation market. Shanghai COSCO Shipping LNG Investment Co., Ltd., a wholly-owned subsidiary of the company, and China LNG Transportation (Holdings) Co., Ltd. (CLNG), which holds 50% of the company's shares, are currently the only two major LNG transportation companies in China. COSCO SHIPPING Energy has always adhered to the business philosophy of “world leading safety marketing”, and the safety management level in liquid bulk carrier transportation has always been in a leading international position. After years of exploration, practice and competition, the company has formed a stable and efficient safety management system, and established scientific and reasonable technical management, transportation management and ship management systems. Since its establishment, COSCO SHIPPING Energy has gradually established a global marketing service system+global safety and emergency support system, giving full play to the functions of global outlets, expanding overseas market share, and diversifying the supply structure, customer structure, and route structure with the company's fleet size and structural advantages. COSCO SHIPPING Energy will strive to become an “excellent global energy transportation leader with international competitiveness, brand influence, and customer reputation”. It will rely on the country's “Belt and Road” initiative and aim to serve large petrochemical companies and strategic partners to provide customers with global, all-weather, and high-quality services for all types of ships.