HK Stock Market Move | Cssc Offshore & Marine Engineering (00317) rises over 5%; the strong boom in oil shipping is transmitting to the shipbuilding supply chain; the company's order backlog is scheduled through 2030.

Cssc Offshore & Marine Engineering (00317) rose over 5%, up 5.25% as of press time, at HK$16.04, with a turnover of HK$86.7538 million. On the news front, the recent strong boom in oil shipping is transmitting to the shipbuilding supply chain. Data from the Baltic and International Maritime Council shows that as of July 2026, global new orders for crude oil tankers this year have reached 234 vessels, or 60 million deadweight tons, hitting a record high, of which VLCC orders reached 151 vessels, accounting for 79% of the deadweight tonnage of all new crude oil tanker orders. Shenwan Hongyuan Group pointed out that time charter rates and secondhand vessel prices have continued to rise, having already broken through 2008 levels, and are expected to further drive up newbuilding prices. Cssc Offshore & Marine Engineering recently said at a results briefing that in the first half of this year it undertook 55 newbuilding orders across 8 ship types, mainly container ships, with the order structure continuing to optimize, laying the foundation for an improvement in the overall gross margin. As the current order backlog is gradually built and delivered, the revenue share of container ships will rise accordingly, providing a positive boost to the company's future profitability. The delivery schedule for the company's order backlog has been booked through 2030, and the benefits generated by the current order backlog will be gradually reflected in subsequent years.