Cosco Energy approves derivatives, donations, board meeting items

COSCO SHIPPING Energy Transportation (SSE:600026) announced the resolutions passed at its third board meeting of 2025, including approval for currency derivatives trading and charitable donations, along with other internal policy updates. The board authorized the company to engage in currency derivatives transactions, including $81.46 million in interest rate swaps and $200 million in foreign exchange forwards or options, to manage interest rate and exchange rate risks, ensuring alignment with its risk-neutral management policy. These activities will be limited to a total position of $1.48 billion.