Cosco Ship Engy (01138) rebounded by more than 6%, as of the time of publication, it rose by 5.01%, at HKD 7.55, with a turnover of HKD 34.3555 million.
According to the Futubull Financial News APP, Cosco Ship Engy (01138) rebounded by more than 6%, as of the time of publication, it rose by 5.01%, at HKD 7.55, with a turnover of HKD 34.3555 million.
In terms of news, Cosco Ship Engy announced that Far Xing LNG and Far Zhi LNG have entered into shipbuilding contracts with China Shipbuilding Industry Corporation and China Ship Trading, with a total contract value of approximately RMB 3.46 billion. It is expected that the two ships built in this project, as LNG transportation ships independently ordered by the company, will provide customers with more flexible LNG transportation services, and are expected to be delivered in the second half of 2027.
GTJA released a research report stating that the recent drop in oil prices, in addition to economic concerns, is likely more due to the recovery of Libyan crude oil supply and the possibility of OPEC+ increasing production. Considering the resilience of traditional energy, if the increase in crude oil production is effectively implemented, the drop in oil prices will be expected to drive the continued growth of oil transportation demand, and even exceed expectations. In the short term, the pace of trade will dominate spot prices, and the shipping market will enter the traditional peak season from October, with the industry generally expecting spot prices to continue to rise. In the medium term, the rise in period charter levels and the ship owners' operational strategies fully reflect the industry's general expectation that the oil shipping industry will continue to improve in the coming years.