On June 28, at the Green Shipping & Financial Leasing Exchange Meeting in Dawan District, the three central enterprises, China National Petroleum Corporation, COSCO SHIPPING and China State Shipbuilding Corporation Limited once again joined hands to explore a new model for the development of China's LNG industry chain through the strong alliance of "large owners of cargo, large shipowners and large shipyards".

As one of the highlights of the meeting, Maijin Zhu, the managing director of COSCO SHIPPING Energy, Junli Wu, the general manager of China National Petroleum Corporation State Affairs, and Xi Li, the general manager of CSSC Leasing, jointly signed the "Agreement on the Principles of LNG Ship Leasing Cooperation", and decided to enhance the source power of central enterprise cooperation with the new mode of bare chartering + time chartering.

At the signing ceremony, Maijin Zhu pointed out that COSCO SHIPPING has a long history of cooperation with China National Petroleum Corporation and China State Shipbuilding Corporation Limited, and has successfully developed six LNG ship transportation projects of China National Petroleum Corporation National Affairs phase I and phase II with pure Chinese operation, management and construction background. This time, the enterprises affiliated to the three central enterprises once again launched a joint attack to deepen the coordinated development mode of the industrial chain of "large owners of cargo, large shipowners and large shipyards", build a new business format of upstream and downstream, write a new chapter in green finance, financial leasing and green shipping, and highlight the foresight and insight of the three central enterprises in the win-win cooperation of the LNG industrial chain and the social responsibility of jointly maintaining a healthy industrial chain development environment.

Over the years, COSCO SHIPPING Energy has seized the strategic opportunity of the rapid development of the LNG market at home and abroad, and has participated in the investment and operation of 38 LNG ships with a volume of 6.421 million cubic meters, ranking sixth in the world LNG owners, and holding 11 orders for 174000 cubic meters of new shipbuilding. In 2021, China imported 78.93 million tons of LNG, surpassing Japan and ranking first in the world, of which COSCO SHIPPING Energy carried about 18.618 million tons of LNG, accounting for 23.6%, and continued to play a strategic supporting role of the fleet of large countries.

COSCO SHIPPING LNG Investment (Shanghai), a subsidiary of COSCO SHIPPING Energy, will undertake various businesses such as ship management, transportation management, crew and so on in this project by virtue of its excellent LNG transportation whole chain management ability. The company has obtained the first quality, occupational health, safety and environmental management system certificate in China's LNG transportation industry issued by Lloyd's Register Quality Assurance; With the strong support of the State Affairs of China National Petroleum Corporation, COSCO SHIPPING Energy is fully building a wholly-owned Hong Kong LNG Ship Management Company. At present, led by China's first LNG captain, COSCO SHIPPING Energy has established a ship management team consisting of more than 10 Chinese and foreign high-end managers. The accumulation of crew resources and the construction of crew warehouse are also being vigorously promoted. It is our common expectation to manage the ship independently and at a high level to ensure the smooth operation of the project. COSCO SHIPPING Energy will do a good job in all aspects of operation and management from the project, fleet and industrial chain, so that partners and customers can rest assured.

The formal signing of this cooperation agreement marks that the three central enterprises play a new role in helping the strategy of "building the Great Bay Area of Guangdong, Hong Kong and Macao" and establish a new mode of symbiotic and win-win cooperation between central enterprises. Looking into the future, the three central enterprises will take this signing ceremony as a new starting point, grasp the "the overall strategic situation of realizing the great rejuvenation of the Chinese nation and the great changes that have not occurred in the world in a century", bear in mind the "great power", aim at the "carbon peak and carbon neutralization" goals, adhere to the strategic determination of the development of China's LNG industry chain, work together, break the waves, and vigorously promote the construction of the world's first-class Bay area with closer cooperation ties and a more leading cooperation mode, so as to help the global green, low-carbon and sustainable development!