HK Stock Market Move | COSCO Shipping Energy Transportation (01138) rises more than 5% in the afternoon, the US intercepts the third oil tanker near Venezuela.

COSCO Shipping Energy Transportation (01138) rose more than 5% in the afternoon, rising 4.46% to HK$10.08 per share, with a turnover of HK$136 million. In terms of news, according to reports from multiple media outlets on the 21st, the US Coast Guard is intercepting the oil tanker "Bella 1" in international waters near Venezuela. This is the third oil tanker intercepted by the US in the waters near Venezuela recently. JP Morgan released a research report stating that while market concerns about existing shipping disruption factors may gradually diminish, it still expects the profitability of crude oil tankers next year to remain resilient. Over 20% of the global tanker fleet is over 20 years old, and more are concentrated in "shadow fleets," limiting their ability to participate in compliant trade. Geopolitical tensions further increase shipping demand. With the expansion of sanctions on vessels from Russia, Iran, and Venezuela, about 18% to 20% of the global fleet is engaged in related non-compliant transport.