每经AI快讯，12月12日，中远海能(600026.SH)公告称，公司及附属公司与关联方中远海运重工附属船 厂签订十九艘船舶建造合同，含税合同船价总额为78.82亿元。交易构成关联交易，已通过董事会审 议，尚需股东会批准。这些新建船舶包括9000立方米乙烯运输船、阿芙拉型原油轮、LR2型成品油/原 油轮、LR1型成品油/原油轮、MR型成品油/原油轮和MR型原油轮等，旨在提升能源供应链韧性、优化 船队结构并推动绿色航运。 ...

中远海能公告称，2025年度向特定对象发行6.94亿股A股，每股11.52元，募集资金79.99亿元，净额 79.79亿元已于10月10日到账。资金将用于建造6艘VLCC、2艘LNG运输船和3艘阿芙拉型原油轮等项 目。截至10月15日，公司以自筹资金预先投入募投项目1.70亿元，已支付发行费用3580.27万元。12月12 日，公司董事会同意使用募集资金置换预先投入募投项目的1.70亿元和已支付发行费用的2741.43万元， 合计1.72亿元。保荐人国泰海通认为该置换符合规定，对事项无异议。 ...

Company Summary - Zhongyuan Shipping (01138) saw a stock price increase of over 4%, reaching HKD 9.7 with a trading volume of HKD 89.67 million [1] - The company completed a private placement of A-shares on October 15, raising approximately CNY 8 billion (net CNY 7.98 billion) by issuing 694,444,444 shares at CNY 11.52 per share [1] - The issuance involved seven investors, including the controlling shareholder, China Ocean Shipping Group, which subscribed for 347,222,222 shares (50% of the total) with an 18-month lock-up period [1] - The raised funds will be used to construct six VLCCs, two LNG carriers, and three Aframax crude oil tankers, aimed at optimizing fleet structure and enhancing clean energy initiatives [1] Industry Summary - The oil market is experiencing a boost as OPEC+ has accelerated production since April, with a potential increase of 2.2 million barrels per day in September, which may lead to a decline in oil prices and stimulate demand for oil transportation [2] - The recent imposition of port service fees on Chinese shipping companies by the U.S. has prompted China to retaliate with a "special port fee" on U.S. vessels, highlighting the strategic value of Chinese shipping companies like Zhongyuan Shipping in the international shipping competition [2] - This context is expected to provide a solid foundation for the stable growth of the company's performance in the oil transportation market [2]

Core Viewpoint - China Merchants Energy Transportation Co., Ltd. (中远海能) has received approval for its 8 billion yuan private placement, which will be used to expand its fleet by constructing 11 new vessels, including 6 Very Large Crude Carriers (VLCCs) and 2 LNG carriers [1][2]. Group 1: Fundraising and Fleet Expansion - The company plans to raise a total of up to 8 billion yuan, with 4.598 billion yuan allocated for the construction of 6 VLCCs, while the remaining funds will be used for 2 LNG carriers and 3 Aframax oil tankers [2]. - The construction of the 6 VLCCs has already commenced, with contracts signed and 20% of the shipbuilding costs paid, with expected delivery by 2028 [2]. - This fundraising initiative is aimed at optimizing the fleet's age structure and enhancing the company's competitive edge in both domestic and international oil transportation [2][3]. Group 2: Industry Position and Performance - China Merchants Energy holds the largest oil tanker capacity in the world, with a fleet of 159 oil tankers totaling 23.74 million deadweight tons, and 12 oil tankers under construction [4]. - The company is also a leading player in the LNG transportation sector, with 87 LNG vessels under investment, of which 50 are operational, contributing to stable revenue through long-term contracts [4]. - The company's revenue has shown significant growth over the past three years, with revenues of 18.66 billion yuan, 22.73 billion yuan, and 23.24 billion yuan from 2022 to 2024, reflecting year-on-year growth rates of 46.93%, 21.84%, and 2.25% respectively [5]. Group 3: Recent Performance Trends - In the first quarter of 2025, the company reported a revenue of 5.753 billion yuan, a decrease of 4.01% year-on-year, with net profit dropping by 43.31% to 708 million yuan [6]. - The oil tanker segment generated revenue of 4.97 billion yuan, showing a slight decline of 5.6% year-on-year, while the LNG transportation business grew, contributing a net profit of 200 million yuan, an increase of 12.3% [6].

Core Viewpoint - China Cosco Shipping Energy Transportation Co., Ltd. (中远海能) plans to issue shares to specific investors, pending approval from the China Securities Regulatory Commission (CSRC) [1][2] Group 1: Share Issuance Details - The total amount to be raised from the share issuance is not more than 800 million yuan (approximately 800 million) [1] - The funds will be used for constructing 6 Very Large Crude Carriers (VLCCs), 2 LNG carriers, and 3 Aframax oil tankers [1] - The shares will be issued as domestic RMB ordinary shares (A-shares) with a par value of 1.00 yuan per share [2] Group 2: Investors and Subscription - The issuance will target up to 35 specific investors, including the indirect controlling shareholder, China Cosco Shipping Group [2][3] - China Cosco Shipping Group commits to subscribe for 50% of the shares issued [3] - All investors will subscribe in cash, and the shares will be issued through a competitive bidding process [3] Group 3: Regulatory and Compliance - The issuance is subject to approval from the CSRC, and the timeline for approval remains uncertain [1] - The shares subscribed by China Cosco Shipping Group will be restricted from transfer for 18 months post-issuance, while other investors will have a 6-month restriction [4] - The controlling shareholder structure will remain unchanged after the issuance [4] Group 4: Underwriting and Sponsorship - The lead underwriter for this issuance is Guotai Junan Securities Co., Ltd. [5]

Core Viewpoint - The company, COSCO Shipping Energy Transportation Co., Ltd., is planning to issue A-shares to specific investors in 2025 to fund the construction of new vessels, including 6 VLCCs, 3 Aframax oil tankers, and 2 LNG carriers, in response to growing global energy transportation demands and to modernize its aging fleet [5][6][8]. Group 1: Investment Projects - The fundraising project involves the construction of 6 VLCCs, 3 Aframax oil tankers, and 2 LNG carriers, with total investment planned to be funded entirely by domestic cash contributions [5][6]. - The construction of 6 VLCCs is expected to be completed by 2028, with 20% of the construction costs already paid and contracts in execution [7][8]. - The LNG carriers are projected to be delivered by 2027, with similar progress in contract execution and payment [7][8]. Group 2: Industry Trends - Global oil transportation demand is expected to grow due to economic recovery and geopolitical tensions, with an estimated 2.212 billion tons of oil trade in 2024 [8][9]. - The average age of VLCCs is increasing, leading to a significant need for fleet renewal, as the delivery of new vessels is insufficient to meet the demand for replacing aging ships [9][10]. - China's LNG import volume is projected to increase significantly, making it the largest LNG importer globally by 2024, which will drive demand for LNG transportation [10][11]. Group 3: Competitive Landscape - The company holds the largest fleet capacity in the oil transportation sector, but its VLCC fleet is aging compared to competitors like China Merchants Energy Shipping and Fredriksen Group [11][12]. - The company aims to enhance its competitiveness by expanding its LNG fleet, which currently ranks fourth globally, to meet the rising demand for LNG transportation [12][13]. - The company has established strong relationships with major clients in the oil and LNG sectors, ensuring stable demand for its services [13][14]. Group 4: Financial and Operational Considerations - The company has a high utilization rate of approximately 94% for its VLCCs and 98% for its LNG carriers, indicating effective operational management [15][16]. - The investment in new vessels is seen as necessary to maintain market leadership and improve profitability, especially in the context of increasing domestic oil transportation needs [21][22]. - The transition to a market-based operation model for LNG carriers is expected to provide more flexibility and responsiveness to market conditions, enhancing revenue potential [22][23].