At 22:00 on December 10th, Mt. XIUCHI, a vessel of COSCO SHIPPING Energy, completed its unloading and departed from Dongguan. This signifies the first transaction on the company's oil and chemicals logistics service platform PST, which is now officially launched. This achievement represents a significant advancement in the company's digital operations and platform management within the coastal refined oil transport sector, taking it to a new level.

PST—Petroleum Shipping Technology is the first digital supply chain platform co-developed by COSCO SHIPPING Energy and COSCO PetroChina Shipping Company. This platform encompasses modules tailored for cargo owners, shipowners, agents, and platform operations. Its core objectives are to advance online business process operations, enhance transportation organization through intelligent algorithmic models, ensure information security through technologies like blockchain, and strive to offer value-added services to relevant stakeholders in the business chain. All these efforts are directed towards bolstering the healthy and sustainable development of the coastal oil and chemicals business in China.

As the leading company in the domestic coastal refined oil transport sector, COSCO PetroChina Shipping Company, a subsidiary of COSCO SHIPPING Energy, has been committed to fostering the healthy growth of the domestic coastal refined oil transport industry over the years. Its annual transportation volume of coastal refined oil products has consistently exceeded 20 million tonnes. To facilitate the integration and optimization of resources and capacity, COSCO PetroChina Shipping Company has actively embraced the digital transformation initiative in line with the strategic directives from higher authorities. The primary focus is on advancing the development of a digital supply chain and facilitating the operation of business platforms. By offering cargo owners and shipowners online processes and end-to-end visibility services, the company aims to boost the operational efficiency of ships and save logistics costs for cargo owners. This integrated approach leverages multiple resources and capacities to create benefits through enhanced efficiency, ultimately delivering value-added solutions to the industry.