COSCO SHIPPING Energy Transportation Co., Ltd. (600026.SS)

15.93 +0.08 (+0.50%) At close: 03:00PM CST

COSCO SHIPPING Energy Transportation Co., Ltd.

670 Dongdaming Road
7th floor Hongkou District
Shanghai 200080
China
86 21 6596 7678
https://energy.coscoshipping.com

Sector(s): Industrials
Industry: Marine Shipping
Full-time employees: 7,911

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Yongqiang Ren	Executive Chairman of the Board	3.16M	N/A	1973
Mr. Maijin Zhu	CEO, President, GM & Executive Director	3.01M	N/A	1970
Mr. Bozheng Yu	Deputy GM & General Counsel	1.54M	N/A	1964
Ms. Yidan Ni	Secretary of the Board	1.78M	N/A	1985
Mr. Yuming Luo	Deputy General Manager	1.61M	N/A	1967
Mr. Jiong Qin	Deputy General Manager	1.54M	N/A	1968
Mr. Tian Chao	Financial Controller	N/A	N/A	1977
Mr. Jianrong Chen	Deputy General Manager	N/A	N/A	1969

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CNY.

Description

COSCO SHIPPING Energy Transportation Co., Ltd., an investment holding company, engages in the shipment of oil, liquefied natural gas (LNG), and chemicals along the coast of the People's Republic of China and internationally. It operates in Oil Shipment and LNG segments. The company also engages in the chartering of vessels; shipment of liquefied petroleum gas; and provision of shipping agency services. As of December 31, 2022, it owned 159 oil tankers with a total capacity of 23.34 million deadweight tons (DWT); and invested in 62 LNG vessels, which includes 40 LNG vessels with a capacity of 6.77 million cubic meters and 2 LNG vessels with a capacity of 3.73 cubic meters. The company was formerly known as China Shipping Development Company Limited and changed its name to COSCO SHIPPING Energy Transportation Co., Ltd. in October 2016. COSCO SHIPPING Energy Transportation Co., Ltd. was founded in 1994 and is based in Shanghai, the People's Republic of China.

Corporate governance

COSCO SHIPPING Energy Transportation Co., Ltd.’s ISS governance QualityScore as of 1 May 2024 is 2. The pillar scores are Audit: 7; Board: 3; Shareholder rights: 1; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.