Express News | China Merchants Energy Shipping Says Its Unit Signs Shipbuilding Agreement for Two Bulk Carriers Worth About 1.05 Bln Yuan

ReutersJun 26 07:50 ET

China Merchants Energy Shipping (601872.SH) signed two shipbuilding contracts.

China Merchants Energy Shipping (601872.SH) announced that its wholly-owned subsidiary, Hong Kong Minghua Shipping Co., Ltd. (hereinafter referred to as "...

Zhitong FinanceJun 26 07:44 ET

Research reports | Guolian Securities: Upgrade China Merchants Energy Shipping to "Buy" rating, creating a dual capital operation platform.

According to the research report of Guolian Securities, China Merchants Energy Shipping (601872.SH) plans to spin off its subsidiaries SITC International Holdings and China Merchants RoRo Transportation for restructuring and listing. The company aims to create a capital operation platform for container and auto RoRo shipping, facilitating the development of its overall business. With the complementary cooperation between SITC International Holdings' container shipping business, China Merchants RoRo Transportation's RoRo shipping business, and Antong Holdings, the company is expected to leverage scale effects to enhance its asset size and sustainable development capability. In the long run, the company's overall profitability and sustained profitability are expected to improve. The target price is reiterated at 10.78 yuan and upgraded to a "buy" rating.

Gelonghui FinanceJun 17 03:33 ET

Market Chatter: Antong Holdings to Give Control to China Merchants Energy Shipping; Antong Shares Rise 10%

Antong Holdings (SHA:600179) will hand over a majority stake in the Chinese container service provider to China Merchants Energy Shipping (SHA:601872) in exchange for control of the energy shipping gi

MT NewswiresJun 14 01:51 ET

China Merchants Energy Shipping's Unit to Build Eight Carriers for 4.4 Billion Yuan

China Merchants Energy Shipping's (SHA:601872) unit, Hong Kong Ming Wah Shipping, will build eight 210,000-deadweight-ton Capesize bulk carriers for 4.4 billion yuan, according to the company's disclo

MT NewswiresJun 13 23:24 ET

China Merchants Energy Shipping (601872.SH): signed a shipbuilding agreement for 8 new 210,000-ton Cape-sized bulk carriers.

China Merchants Energy Shipping (601872.SH) announced that recently Minghua of Hong Kong and Jiangsu New Era have signed a Shipbuilding Order Agreement for eight 210,000-ton Cape Size (Newcastlemax) bulk carriers. Based on the current exchange rate, the total price of the ships is approximately RMB 4.4 billion. The above transaction does not constitute a related party transaction for the company.

Gelonghui FinanceJun 13 03:50 ET