HK Stock Market Move | COSCO SHIP PORT (01199) rose more than 3%; China Ocean Shipping Company signs memorandum of understanding with American and Thai companies for green methanol production cooperation.

COSCO SHIP PORT (01199) rose by more than 3%, reaching a rise of 3.03% at the time of publication, trading at 4.42 Hong Kong dollars, with a turnover of 14.11 million Hong Kong dollars. On the news front, according to China COSCO Shipping, on November 15th, China COSCO Shipping Group Limited (referred to as "China COSCO Shipping"), Thailand's Charoen Pokphand Group Limited, and the US-based Fure Bohai Group signed a memorandum of cooperation for green methanol production. According to the agreement, the three parties will further cooperate in areas such as maritime green energy, utilizing the abundant biomass resources in Southeast Asia, and using industry-leading technology to create a green methanol production base that meets EU standards. This will effectively support China COSCO Shipping Group's renewable energy substitution process and promote optimization and upgrading of the energy structure.