HK Stock Market Move | COSCO Shipping Energy Transportation (01138) rose more than 11% in early trading. The market continues to focus on the situation in the Middle East, and if the Strait is navigable, the demand for replenishing storage is expected to continue to be released.

COSCO Shipping Energy Transportation (01138) rose more than 11% in early trading, with a 10.32% increase as of the time of writing, reaching 19.78 Hong Kong dollars, with a turnover of 316 million Hong Kong dollars. On the news front, US officials have stated that Trump has told his aides that he is willing to end military action even if the Strait of Hormuz remains largely closed. Iranian President Pezeshkiyanshan has expressed Iran's willingness to end the war, but the condition is that their demands be met, especially the guarantee of no further aggression. GF SEC pointed out that if the Strait of Hormuz remains navigable, continued demand for replenishment is expected to provide new upward momentum for the VLCC market. Dongguan Securities released a research report stating that since the end of 2025, Europe and the United States have gradually tightened sanctions on shadow fleets. Meanwhile, Changjin Shipping has seized the opportunity to quickly acquire oil tanker assets, tightening market liquidity by acquiring fleets and controlling a large amount of idle capacity through concentrated period leasing. After the US-Iran conflict, the Strait of Hormuz was blocked, and we expect that in most cases, this will drive the oil shipping market to maintain prosperity for a longer period of time, with the maintenance of high oil shipping prices possibly exceeding market expectations in extreme cases.