According to the Zhitong Finance App, COSCO Haineng (01138.HK) announced that the company's wholly-owned subsidiary Huanyu Shipping plans to rent 14 new VLCC ships from a total of BOC Gold Lease, ICBC Gold Lease, CITIC Gold Leasing, and Minsheng Financial Leasing, all of which will not exceed 20 years. The total rent is no more than 17.4 billion yuan.

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