Core Viewpoint - China COSCO Shipping Energy Transportation Co., Ltd. (中远海能) announced the signing of contracts for the construction of 19 vessels with a total contract price of 7.882 billion yuan, which constitutes a related party transaction and requires shareholder approval after board review [1] Group 1 - The total contract price for the new vessels is 7.882 billion yuan, including tax [1] - The new vessels include 9,000 cubic meter ethylene carriers, Aframax oil tankers, LR2 product/oil tankers, LR1 product/oil tankers, MR product/oil tankers, and MR oil tankers [1] - The purpose of these new builds is to enhance the resilience of the energy supply chain, optimize fleet structure, and promote green shipping [1]