Changes in Hong Kong stocks | COSCO Marine (01138) rose more than 4% in the afternoon, Venezuelan crude oil shipments were disrupted and may continue to boost tanker freight rates in the short term

The Zhitong Finance App learned that COSCO HNA (01138) rose more than 4% in the afternoon. As of press release, it had risen 4.05% to HK$9.76, with a turnover of HK$82,714,900.

According to the news, according to CCTV news, an oil tanker recently seized by the US military in the waters off Venezuela is currently sailing to Houston in the US. This super-large crude oil carrier is said to carry about 1.85 million barrels of heavy Venezuelan crude oil. It is too large to directly enter the port of Houston, and the cargo needs to be unloaded to a smaller ship after being anchored offshore. According to another report, the US plans to further strengthen sanctions management and restrictions in the future and implement “operational measures” against ships in international waters. This move by the United States has triggered early warning of other non-compliant tanker transportation risks, but no clear information has been released yet.

According to Clarkson's research on shipping trade statistics, Venezuelan crude oil exports currently account for about 2% of global crude oil trade. The agency expects the global crude oil tanker market to remain resilient as a whole in 2026. On the demand side, global crude oil trade demand will grow moderately in 2026, and on the supply side, the crude oil tanker fleet size will be significantly relaxed based on this year's lower growth rate. In the short term, if Venezuelan crude oil shipments are disrupted, it may push some buyers to increase procurement from “compliant” crude oil suppliers such as the Middle East, thereby increasing demand for “compliant” tankers. This will absorb more capacity from compliant tankers and continue to boost tanker freight rates in the short term.