The Zhitong Finance App learned that COSCO Marine (01138) rose more than 3%. As of press release, it had risen 3.42% to HK$18.43, with a turnover of HK$169 million.

According to the news, the September 25 weekly report of the Stock Exchange showed that on September 24, TD3CTCE was 1,234,000 US dollars/day, and WS prices for Middle East routes fell slightly from last Friday; TCE prices at the end of the TD15 and TD22 periods this week were 50710,000 US dollars/day and 40710,000 US dollars/day, respectively. The West African route pulled back and the US Gulf route continued to strengthen.

Guojin Securities believes that it is currently in the US-Iran game stage, and the repeated strait blockades affect market confidence; compounded by the emergence of new geographical risks in the Red Sea region, the market is still repeating this logic in the short term: blocked passage through the strait -> tight oil supply+ship safe-haven detours -> rising oil prices; therefore, the bank believes that oil transportation will maintain its boom in the short term.

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