COSCO Shipping Holdings announced on the evening of August 28 that its wholly owned subsidiary COSCO Shipping Assets has ordered a total of 18 container ships for a combined transaction price of approximately 20.274 billion yuan. Among them, COSCO Shipping Assets ordered 12 22,000 TEU LNG dual-fuel container ships from Shanghai Waigaoqiao Shipbuilding and China Shipbuilding Trading at a price of 224 million US dollars per vessel, and ordered 6 new wide-beam 3,200 TEU container ships from Huangpu Wenchong Shipbuilding and China Shipbuilding Trading at a price of 339.8 million yuan per vessel. This transaction does not constitute a related-party transaction. The 22,000 TEU vessels are expected to be delivered between 2028 and 2030, and the 3,200 TEU vessels are expected to be delivered between 2028 and 2029. Of the transaction funding, no more than 70 percent will come from external debt financing, with the remainder allocated from the group's internal resources. COSCO Shipping Holdings also disclosed its interim report for the first half of 2026, with operating revenue of 111.922 billion yuan, up 2.59 percent year on year, and net profit attributable to the parent company of 13.419 billion yuan, down 23.48 percent year on year. The company plans an interim dividend of 0.43 yuan per share, with a total payout of 6.565 billion yuan, accounting for 49 percent of net profit attributable to the parent company.
COSCO SHIPPING Holdings Co LtdCOSCO Shipping Holdings' subsidiary ordered 18 container ships for ~20.274 billion yuan, a major fleet capex expansion.
Shanghai Waigaoqiao Shipbuilding won an order for 12 22,000 TEU LNG dual-fuel container ships at $224 million per vessel.
