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China Merchants Energy Shipping Co., Ltd. (China)

Main Activities: Deep Sea, Coastal, and Great Lakes Water Transportation
Full name: China Merchants Energy Shipping Co., Ltd. Profile Updated: April 14, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Chinese Download a sample report

The company is a shipping company integrated of tanker transportation, bulk carrier transportation and liquefied natural gas transportation, is currently the largest ocean-going tanker transportation fleet, mainly provides crude oil transportation services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries, establishes a long-term relationship with SHELL, CHEVRONTEXACO and other major international oil companies. Haihong Company and the Hong Kong Minghua, which are the two professional management companies owned wholly by the company, deal with the daily management of the tanker and bulk carrier company, also the company participates liquefied natural gas business through a joint venture under the company, China LNG Shipping (Holdings) Ltd., the joint venture is currently the only company which manages liquefied natural gas business invested and managed by China, LNG ships have dedicated 25 years of long-term lease contracts, income stability.

Headquarters
Rm 912A 9F 55 Xili Road Pilot Free Trade Zone Shanghai
Shanghai; Shanghai; Postal Code: 200126

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Website: http://www.cmenergyshipping.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
December 31, 2004
Key Executives
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Chairman
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Chairman of the Supervisory Board
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Director
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Director
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Director
Ownership Details
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54.02%
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13.45%
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5.03%
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1.13%
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1.03%
Subsidiaries
Associated Maritime International Company Inc.
100%
Bang Xuan Co., Ltd.
100%
Bangbai co., ltd.
100%
Company Performance
Financial values in the chart are available after China Merchants Energy Shipping Co., Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
-12.94%
Total operating revenue
-12.63%
Operating profit (EBIT)
-2.99%
EBITDA
39.02%
Net Profit (Loss) for the Period
-2.87%
Total assets
-4.7%
Total equity
11.45%
Operating Profit Margin (ROS)
2.31%
Net Profit Margin
1.97%
Return on Equity (ROE)
-1.94%
Debt to Equity Ratio
-18.13%
Quick Ratio
-1.06%
Cash Ratio
-0.86%

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