China Merchants Shipping announced that due to the sharp rise in VLCC tanker freight rates and the possibility of a sharp drop within the year, the company's oil transportation costs and ship rents related transactions with Sinopec Group and its subsidiaries will exceed the original amount. The third meeting of the 8th board of directors of the company reviewed and approved a plan to increase the daily related transaction amount with Sinopec Group and its subsidiaries in 2026 by 10 billion yuan. After the increase, this amount will not exceed 16 billion yuan. After this adjustment, the total amount of daily related transactions of the company increased to 23.735 billion yuan in 2026, and this matter still needs to be reviewed by the shareholders' meeting.

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