VLCC giant Cosco Shipping Energy sees profit plunge as tanker rates hit year-low

Earnings from international operations dropped nearly 10% in third quarter

Cosco Shipping Energy Transportation’s 109,500-dwt aframax tanker Mei Lin Wan (built 2012). — Cosco Shipping Energy Transportation’s 109,500-dwt aframax tanker Mei Lin Wan (built 2012).Photo: Jonathan Boonzaier

Gary Dixon

TradeWinds correspondentLondon

Published 31 October 2024, 10:58Updated 31 October 2024, 14:45

VLCCs Cosco Shipping Energy Transportation China LPG carriers