The Zhitong Finance App learned that COSCO Haineng (01138) rebounded by more than 6%. As of press release, it rose 5.42% to HK$17.5 million, with a turnover of HK$219 million.

According to the news, Goldman Sachs's latest report shows that the global average crude oil freight rate has soared from about 3 US dollars/barrel a year ago to more than 20 US dollars/barrel, and the freight rate on the Middle East route has surpassed 35 US dollars/barrel. The bank pointed out that although freight rates have declined slightly in the past few days, the global average is still seven times that of a year ago. “As long as the Middle East conflict maintains the status quo, it is unlikely that freight will drop drastically”.

Guosheng Securities pointed out that due to the emotional impact of America's proposed easing of shadow fleet sanctions and short-term freight rate adjustments, the oil transportation sector continued to recover. The news mainly had an emotional impact on the sector. Considering the current relationship between the US and Iran, it is difficult for Iranian ships to obtain exemptions. Even if the remaining sanctioned ships are eventually partially lifted, the negative impact on the fundamentals of the industry is limited.

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