The Zhitong Finance App learned that COSCO Haineng (01138) fell by more than 5%. As of press release, it decreased by 4.78% to HK$17.15, with a turnover of HK$128 million.

According to the news, US Secretary of Energy Chris Wright said that the Trump administration is authorizing the sale of some of the sanctioned tankers and plans to go through refurbishment and approval procedures to allow these ships to operate legally and transport unsanctioned crude oil. The United States hopes to use this to expand the number of tankers that can be used to mitigate transportation disruptions caused by the Iran war and the blockage of the Strait of Hormuz.

Cathay Pacific Haitong Securities released a research report saying that the industry expects the actual impact of the potential lifting of the oil transport ban to be relatively limited. The bank pointed out that the shadow fleets are mainly those over the age of 20, and it is difficult to return to serving mainstream oil companies and long-haul routes even if the ban is lifted; the shadow fleet has long been separated from the mainstream European insurance and settlement system, making it more difficult to return to the system; the US-Iran conflict has not yet ended, and there is high uncertainty about whether the sanctions will continue to be lifted, and tenants or worry about the risk of repeated and penetrating traceability of sanctions.

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