Cosco Shipping Energy Transportation has projected record profits as it offered shareholders a preview of its upcoming annual earnings report.
But it made no reference to the outlook for 2025, as parent China Cosco Shipping faces the fallout of the US Defense Department placing it on a blacklist of companies deemed tied to the Chinese military.
Cosco Shipping Energy, the tanker and LNG carrier unit of the sprawling government-controlled shipping group, said it expects to report RMB 3.96bn
