COSCO Shipping Energy unit to acquire VLGC owner Shanghai Liquefied Gas

The company said the acquisition is intended to consolidate CSET's LPG transportation assets, allowing Dalian COSCO Energy, as the unified operating platform for the LPG business, to achieve unified management and enhance market competitiveness.

This follows the first phase of integration completed in late 2024. CSET expects the acquisition to improve its financial profitability, accelerate subsequent reforms, and create favourable conditions in the capital market for future major projects.