The Zhitong Finance App learned that COSCO Haineng (01138) fell more than 10% in early trading. As of press release, it decreased by 10.53% to HK$19.45, with a turnover of HK$254 million.
According to the news, Iran's attack on “illegal” ships has escalated. On the 14th local time, the Islamic Revolutionary Guard Corps Navy issued a statement saying that on the morning of the same day, a freighter carrying 2,500 containers attempted to pass through an unauthorized dangerous channel in the Strait of Hormuz. It exploded and caught fire and sank after hitting a mine. According to reports, this is the first time since the US-Israel conflict broke out at the end of February this year that Iran has reported that a ship was struck by lightning and sank.
Notably, in the past week, tankers with at least 37 million barrels of crude oil stopped moving or changed course while sailing off the coast of the United Arab Emirates and Oman, according to ship tracking data. There is currently no definitive evidence that ships' prudence has translated into a decline in oil shipments to the Persian Gulf.