On June 15, COSCO SHIPPING Energy (01138.HK) surged 18.41% in regular trading, trading at HKD 17.13/share, with turnover of HKD 186 million, marking a sharp reversal from prior consecutive declines.

On the news front, multiple positive catalysts converged. The US Federal Register issued a notice removing COSCO SHIPPING Energy from the designated Chinese Military Companies list, significantly alleviating potential sanctions risks and supporting normal international operations. Meanwhile, recent Middle East geopolitical de-escalation has improved market sentiment, with analysts noting that freight rates had already sufficiently priced in Strait blockade risks and cargo shortages. Institutions highlighted that global crude inventories remain at historical lows, with strategic restocking across nations expected to generate incremental shipping demand and support freight rate recovery.

The stock had previously fallen sharply due to VLCC oversupply, with cargo volumes down 54% year-on-year from March to May, and key route rates declining 42-68% from peaks. Capital expenditure expansion, including CNY 6.445 billion in LNG newbuilds and additional VLCC and LR2 investments, had also weighed on sentiment.

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