COSCO Marine (01138) rose more than 4%. As of press release, it had risen 3.45% to HK$8.99, with a turnover of HK$129 million.
The Zhitong Finance App learned that COSCO Marine (01138) rose by more than 4%. As of press release, it had risen 3.45% to HK$8.99, with a turnover of HK$129 million.
Guotai Jun An pointed out that the situation in the Middle East is once again tense, and oil transportation may be affected or intensified in the short term. We are still optimistic about oil transportation super bull market options based on long-term logic. The oil transportation industry's capacity utilization rate has reached a threshold. Supply and demand will continue to improve in the next few years, and the rise and continuation of the boom will exceed expectations. The oil transportation super bull market will provide double room for performance estimation, and Q1 performance growth is expected to exceed expectations.
According to a research report published by J.P. Morgan Chase, the geographical misalignment between refinery production capacity and consumer demand, as well as the restructuring of oil trade, showed a structural increase in tonne mile demand for tanker transportation. Coupled with limited room for supply improvement, it is expected to drive the tanker shipping industry, including refined tankers and crude oil tankers, to usher in a long-term upward cycle.