Cosco Shipping Energy Transportation (CSET) has reported a 44% jump in net profit for the first nine months of 2022 on the back of the hot LNG market.

The Hong Kong-listed company said net income for the January to September period was CNY 6.4bn ($880m) versus the CNY 4.4bn seen 12 months earlier.

CSET said its LNG shipping activities contributed CNY 5.7bn, or almost 90% of its net profit in the first nine months of the year.