$COSCO SHIP ENGY (01138.HK)$It rose by more than 5%, and the turnover exceeded 140 million Hong Kong dollars.

On the news side, after the price limit on Russian oil was imposed, the tanker caused a jam off the coast of Turkey. Since December 1, Ankara has required tankers to provide proof of insurance. It is reported that sanctions against Russian oil will take effect on the 5th. The European Union has stopped accepting Russian oil by sea.

According to a research report released by Anxin Securities, the European Union agreed on December 2 to set a price ceiling of US $60 per barrel for Russian oil exports, and the price limit was set on the ground. After the sanctions, the transportation distance has been significantly increased, which may be beneficial to the oil transportation in White City. On December 4, the OPEC+ meeting approved the extension of the current oil production policy, and the demand for oil transportation is stable. The bank said that before the sanctions, VLCC freight rates continued to fall, optimistic that crude oil freight rates stabilized and rebounded, and refined oil freight rates continued to rise.