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China Merchants Shipping (601872.SH): Signed long-term transportation and shipbuilding agreement for Qatar Energy LNG transportation project
Gelonghui, May 6 | China Merchants Shipping (601872.SH) announced that recently, four single shipping companies under China Merchants Gas Transport and Qatar Energy held a 25+5-year “Long-term Transportation Agreement” signing ceremony for 4 QCMAX LNG carriers in Beijing. After the ceremony, the two sides signed a separate agreement, which came into effect on May 2. On the same day, the “Ship Construction Agreement” with Hudong Shipyard for 4 QCMAX LNG carriers was signed and entered into force. The total cost of the ship was approximately RMB 10 billion.
Gelonghui Finance05:34 ET
Does China Merchants Energy Shipping (SHSE:601872) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' When we think about how
Simply Wall St20:08 ET
Zheshang Securities: Geographical conflict intensifies freight rate fluctuations, increasing demand in emerging countries drives up demand for oil transportation
The Zhitong Finance App learned that Zheshang Securities released a research report saying that current orders are historically low, supply rigidity is determined, global inventory replenishment provides demand-side support, and increased demand from emerging Asia-Pacific countries such as China and India is driving up demand for oil transportation. The restructuring of global oil trade after the Russia-Ukraine conflict led to a significant increase in transit distances. Furthermore, against the backdrop of production cuts in the Middle East, shipments from long-distance regions such as the Gulf of America, South America, and West Africa have increased, which is expected to further drive up demand for tons and nautical miles. Continue to be optimistic about the interpretation of the oil boom cycle and recommend COSCO Haineng (600026.SH), China Merchants Shipping (601872.SH), and China Merchants Nanyou (601)
Zhitong FinanceApr 19 01:59 ET
Investors Don't See Light At End Of China Merchants Energy Shipping Co., Ltd.'s (SHSE:601872) Tunnel
China Merchants Energy Shipping Co., Ltd.'s (SHSE:601872) price-to-earnings (or "P/E") ratio of 14.7x might make it look like a buy right now compared to the market in China, where around half of the
Simply Wall StApr 17 18:03 ET
CMES to Build, Lease Ships for QatarEnergy for 10 Billion Yuan
China Merchants Energy Shipping (SHA:601872) or CMES agreed to build and lease six liquefied natural gas or LNG transport ships to QatarEnergy for 10 billion yuan, the company said in a filing with th
MT NewswiresApr 4 01:50 ET
China Merchants Energy Shipping Co., Ltd. (SHSE:601872) Just Recorded An Earnings Miss And Analysts Are Updating Their Numbers
China Merchants Energy Shipping Co., Ltd. (SHSE:601872) just released its latest full-year report and things are not looking great. Earnings fell badly short of analyst estimates, with CN¥26b rev
Simply Wall StMar 30 20:04 ET
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