[China Merchants Energy Shipping: Plans to increase daily related-party transaction quota by 10 billion yuan in 2026] On October 28, China Merchants Energy Shipping (601872.SH) announced that the company’s board of directors has reviewed and approved an increase in the 2026 related-party transaction quota for oil product transportation and ship rental with Sinopec Group and its subsidiaries by 10 billion yuan. After the increase, the quota will not exceed 16 billion yuan, and the annual daily related-party transaction quota will increase to 23.735 billion yuan. Since September 2026, the VLCC tanker market has been driven by continued demand, and freight rates have skyrocketed, and it is expected that the possibility of a continued sharp decline during the year is small. It is expected that the company's related-party transaction amount of oil transportation costs and ship rentals with Sinopec Group and its subsidiaries throughout 2026 will exceed the approval limit of the shareholders' meeting.