On October 28, China Merchants Energy Shipping Co., Ltd. (hereinafter referred to as “China Merchants Energy Shipping”) released its 2026 third-quarter report.

The announcement shows that, driven by a sharp year-on-year increase in freight rates in the tanker shipping market and improved performance of other fleets, the company achieved substantial growth in the first three quarters: operating revenue of RMB 32.422 billion, up 67.90% year on year; total profit of RMB 14.096 billion, up 270.14% year on year; net profit attributable to shareholders of the listed company of RMB 11.983 billion, up 263.15% year on year; net profit attributable to shareholders after deducting non-recurring gains and losses of RMB 11.406 billion, up 293.18% year on year; and net cash flow from operating activities of RMB 13.689 billion, up 135.87% year on year.

On a single-quarter basis, in the third quarter the company achieved operating revenue of RMB 12.771 billion, up 89.89% year on year; total profit of RMB 5.942 billion, up 346.95% year on year; net profit attributable to the parent company of RMB 5.024 billion, up 327.45% year on year; and net profit attributable to the parent company after deducting non-recurring gains and losses of RMB 4.498 billion, up 352.23% year on year. As of the end of September, the company’s total assets were RMB 110.888 billion, up 35.14% from the end of the previous year; equity attributable to owners of the parent company was RMB 50.359 billion, up 17.10%.

The report states that the growth was mainly due to the tanker shipping market being affected by multiple factors such as geopolitics and changes in supply and demand structure, which led to a sharp year-on-year increase in freight rates; at the same time, ro-ro, dry bulk, container and other segments trended favorably, with good increases in operating revenue. Segment performance shows:

The tanker shipping segment achieved operating revenue of RMB 15.139 billion, up 124.81% year on year; net profit of RMB 9.934 billion, up 425.61% year on year.

The dry bulk shipping segment achieved revenue of RMB 8.273 billion, up 35.98% year on year; net profit of RMB 1.841 billion, up 157.84% year on year.

The container shipping segment achieved revenue of RMB 5.694 billion, up 28.65% year on year; net profit of RMB 1.556 billion, up 50.05% year on year.

The ro-ro shipping segment achieved revenue of RMB 1.518 billion, up 28.64% year on year; net profit of RMB 518 million, up 254.79% year on year.

The LNG carrier segment achieved revenue of RMB 301 million, up 99.33% year on year; net profit of RMB 589 million, up 5.37% year on year.

In terms of the fleet, as of September 30, 2026, the company had a total of 245 owned vessels with 39.6197 million deadweight tons, 70 chartered-in vessels with 5.8699 million deadweight tons, and an orderbook of 93 vessels with 13.5943 million deadweight tons (including orders for 3 long-term chartered-in VLCCs). Among them, tankers totaled 60 vessels with 16.6521 million deadweight tons; there were currently 51 VLCCs with 15.7601 million deadweight tons; 40 gas carriers with 3.5638 million deadweight tons; 96 bulk carriers with 18.8546 million deadweight tons; 22 ro-ro vessels; and 19 container vessels.

It is worth noting that during the reporting period, through its wholly-owned subsidiary Sinotrans Container Lines Co., Ltd. and its parties acting in concert, the company further increased its shareholding in Antong Holdings Co., Ltd. to 24.84%, and completed the reorganization of Antong Holdings’ board of directors on August 28, 2026, obtaining control. The acquisition date was determined as August 28, 2026. From that date, Antong Holdings has been included in the company’s consolidated financial statements. The company stated that after Sinotrans Container Lines obtains control of Antong Holdings, the company’s container segment will enter a new stage of development.