HK Stock Market Move | COSCO Shipping Energy Transportation (01138) rises by more than 3%, included in the MSCI China Index, institutions optimistic that the second-quarter performance of the oil shipping industry is expected to continue to outperform expectations.

COSCO Shipping Energy Transportation (01138) rose more than 3%, rising 3.44% to HK$18.33 at the time of writing, with a turnover of HK$66.1389 million. On the news front, recently, MSCI announced the results of its May index review, with COSCO Shipping Energy Transportation being newly included in the MSCI China Index, with the adjustment set to take effect after the close of trading on May 29. Goldman Sachs believes that the VLCC super cycle is being driven by tight capacity and strengthened industry consolidation, with COSCO Shipping Energy Transportation being a major beneficiary. Guotai Haitong research report pointed out that the Middle East conflict has caused blockades in the straits, leading to a significant increase in shipping rates. The simultaneous reduction in crude oil imports and exports, along with direct impact on Asia, has been partially offset by increased exports from the US and Russia. The oil shipping sector is experiencing a super bull market, with Chinese fleets operating more efficiently than the industry average. It is expected that performance in Q2 of 2026 will continue to exceed expectations.