Changes in Hong Kong stocks | COSCO Haineng (01138) rose more than 4%, VLCC tariffs continue to refresh, and high-ranking institutions expect their Q3 performance to continue to rise

The Zhitong Finance App learned that COSCO Marine (01138) rose more than 4%. As of press release, it had risen 4.1% to HK$18.62, with a turnover of HK$201 million.

According to the news, VLCC freight rates continue to reach record highs, driven by both geo-risk premiums and tight supply and demand patterns. According to the shipping industry, in the Atlantic market, the average daily TCE for the West Africa-China route (TD15) is about 44,1081 US dollars, and the average daily TCE for the round trip between the Gulf of America and China (TD22) is about 28,9894 US dollars, respectively, reaching record highs. Cathay Pacific Haitong Securities believes that in the second quarter of this year, trade was blocked in the strait and freight rates soared, and COSCO Marine's performance was still high despite losses in operating days. Q3 results are expected to continue to rise and reach new highs throughout the year. Geography enhances medium- to long-term logic, and also has unexpected upward options in demand.