理解市场 | 中远海能涨超 7% 事件扰动叠加旺季需求走强 机构料运价将有更强表现
COSCO SHIPPING Energy's stock price rose by more than 7%, with an increase of 7.46% as of the time of writing, trading at HKD 9.8, with a turnover of HKD 378 million. The market's expectations for rising freight rates have strengthened due to U.S. sanctions on Iranian oil export companies and China's special port fees on U.S. vessels. It is expected that freight rates will further strengthen driven by demand during the peak season. Morgan Stanley predicts the company's net profit compound annual growth rate will be 16% from 2025 to 2027
According to Zhitong Finance APP, COSCO SHIPPING Energy (01138) rose over 7%, with a current increase of 7.46%, priced at HKD 9.8, and a transaction volume of HKD 378 million.
In terms of news, according to Shenwan Hongyuan, on October 9, the U.S. OFAC announced a new list of sanctions against companies related to Iranian oil exports. This includes Rizhao Shihua Crude Oil Terminal Co., Ltd., which has affected three large VLCC berths in Rizhao. The market is concerned about potential port congestion and capacity turnover, compounded by China's announcement on October 10 regarding special port fees for U.S. vessels, leading to a significant increase in freight rates on Friday. On October 10, the TD3C-TCE index on the Baltic Exchange rose by 42% day-on-day, increasing from USD 57,000/day to USD 80,807/day. The situation regarding China's port fees for U.S. vessels is still evolving, and with the backdrop of strong seasonal demand, freight rates are expected to perform even better.
Morgan Stanley previously stated that COSCO SHIPPING Energy is China's largest tanker operator and one of the world's leading companies in crude oil, refined oil, and liquefied natural gas (LNG) transportation. As the energy transportation division of China COSCO Group, the company operates a diversified fleet. Its scale, relatively new fleet age structure, and increasing LNG business provide downside protection in a volatile freight market while positioning the company to benefit from years of upward cycles. The bank predicts that the company's net profit compound annual growth rate will be 16% from 2025 to 2027, supported by freight recovery, structural supply-demand catalysts, and cautious fleet expansion
