HK Stock Market Move | TS LINES (02510) surged more than 18% in the morning, the market is closely watching the changes in the Middle East shipping situation. The company's shareholders empowered the expansion of overseas shipping routes such as the Middle East.

TS LINES (02510) rose over 18% in the morning, as of the time of writing, it rose by 14.59% to 8.52 Hong Kong dollars, with a transaction amount of 1.56 billion Hong Kong dollars. In terms of news, in recent days, Iran and Israel have been exchanging attacks, and the fate of the "gate" of the global oil transportation in the Strait of Hormuz has attracted high market attention. According to CCTV news, the most convenient way for Iran to block the Strait of Hormuz is to deploy mines in the narrowest part. In addition, Iran also has the ability to use drones and missiles to attack passing ships, forcing them to change course. Zhongjin believes that in the short term, the risks of navigation in the Red Sea and the Persian Gulf have increased, and oil carriers may adopt a defensive attitude. The impact on Middle East shipments is yet to be observed, but considering the uncertainty of geopolitical changes and the possibility of rising oil prices, freight rates may rise rapidly, as last week's VLCC freight rates have already shown an upward trend. The recent escalation of tensions between Iran and Israel may drive up the risk premium in the shipping market. Shenwan Hongyuan Group pointed out that the empowerment of Middle Eastern shareholders will expand the business of the Indopak and Middle East routes along the "Belt and Road," further enhancing the competitiveness and growth potential of TS LINES. The second largest shareholder, Mr. Sharafuddin, the founder of SharaShipping Agency, one of the largest shipping companies in the Middle East, has laid a solid foundation for TS LINES with his business cooperation. It is expected that the Middle East and Indopak routes will become a driving force for the company's future performance.