Movement Alert|COSCO SHIP ENGY Rises 3.49% in Regular Trading, VLCC Middle East Route Rates Break $800K as Geopolitical Tensions Escalate

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On September 15, COSCO SHIP ENGY rose 3.49% in regular trading, trading at 18.97 HKD/share, with turnover of 76.39 million HKD. The rally follows continued momentum from surging VLCC tanker rates driven by escalating Middle East geopolitical tensions.

Latest shipping data shows the VLCC TD3C Middle East-to-China route surged to $862,000, up 9.7% day-over-day and 942.8% year-over-year, breaking through the $800,000 threshold. Houthi forces have intensified strikes on Saudi energy facilities and seized strategic positions along Yemen's western coast, sharply reducing vessel transits through the Bab el-Mandeb Strait. War risk premiums continue to climb, while US-Iran tensions further widen geopolitical risk premiums across the Strait of Hormuz and Red Sea corridors.

Fundamentally, the company reported H1 revenue of approximately 15.08 billion yuan, up 30% year-over-year, with net profit surging 141% to 4.56 billion yuan. The board also recently approved financing for 4 units of 88,000 cbm VLGCs, advancing its liquefied gas fleet expansion. An interim dividend of 0.28 yuan per share was declared.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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