Economic Observation Network COSCO Shipping plans to invest 8.656 billion yuan to build 24 new ships, which will be leased to related parties to lock in long-term rental income after delivery

Company project promotion:
The company announced on June 30th that it plans to invest 8.656 billion yuan to build 24 new ships (including 20 multi-purpose grain ships and 4 large bulk/dry cargo ships), which will be delivered between 2029-2030 This transaction was continuously monitored by the market in early July and is a concentrated manifestation of the company's "integration of production and finance" strategy. After the delivery of the new ship, it will be leased to related parties for long-term operation, aiming to lock in stable rental income for the next 20 years 。

The above content is based on publicly available information and does not constitute investment advice.