Changes in Hong Kong stocks | COSCO Haineng (01138) fell more than 7% in the afternoon and the risk premium differentiation between different installations in Hong Kong widened further

The Zhitong Finance App learned that COSCO Hainan (01138) fell more than 7% in the afternoon. As of press release, it had a decrease of 5.86% to HK$13.81, with a turnover of HK$213 million.

According to the news, the risk in the Strait of Hormuz is driving up the cost of chartering tankers, and the daily cost of the Middle East route is approaching 500,000 US dollars. However, analysts at Clarksons Securities pointed out that shipowners willing to go deep into the Strait of Hormuz are taking high scarcity premiums. If they choose to load goods in the Gulf of Oman outside the strait and sail to Asia, the average daily rental income of the ship is significantly lower — about US$147,000.

Bank of China International released a research report saying that the volume of new cargo added to the Middle East route is limited. While traffic in the two major straits is still restricted, not all shipowners are willing to bear the relevant risks. The available eligible ships are relatively limited, providing risk premium support for pallets in the bay, and the risk premium differentiation between different loading ports has further expanded. Furthermore, the number of new pallets added to the Atlantic route has been significantly reduced, which is insufficient to support the continued rapid rise in freight rates.