The Zhitong Finance App learned that COSCO Marine (01138) rose nearly 4%. As of press release, it had risen 3.75% to HK$17.98, with a turnover of HK$151 million.
According to the news, Dark Sailing helped marginal improvement in supply and demand and shipowners' confidence, and freight rates continued to rise to a high level. Last week, the VLCC TCE for the US Gulf and West Africa route once again surged to $21-220,000, and the TCE for the Middle East route soared to 700,000 US dollars. Cathay Pacific Haitong Securities believes that geography enhances the medium- to long-term logic of oil transportation. The restoration of the straits can be expected in the medium term, and oil transportation will return to high prosperity and sustainability. At the same time, Iran's lifting of the ban has made it a very prosperous option in the compliance market.
Societe Generale Securities pointed out that from June to August 2026, tanker freight rates remained high: the average VLCC weighted average freight rate rose 340.99% year on year, and the company's Q3 performance is expected to continue to grow. Looking back, if navigation is resumed in the Strait of Hormuz, it is expected that the volume and price of oil tanker transportation will rise sharply as a result of demand from Eurasian refineries and oil producers in the Middle East, which will be fully transmitted to sectors such as refined oil products, domestic trade oil products, and LNG. As one of the world's largest energy shipping service providers, the company is expected to fully benefit from this oil transportation upward cycle.