COSCO SHIP ENGY (01138) experienced a sharp intraday decline of 22%. At the time of writing, the stock was down 8.9%, trading at HKD 19.04, with a turnover of HKD 1.422 billion.

According to the latest tracking data from Morgan Stanley, only one tanker passed through the world's most critical energy choke point on March 3rd, a drop of more than 95% from normal levels. The Baltic Exchange reported that due to conflict in the Middle East, tanker freight rates have surged to record highs, with benchmark daily earnings reaching $424,000.

US President Donald Trump announced that the White House will provide naval escorts and political risk insurance for tankers transiting the Strait of Hormuz.

COSCO SHIP ENGY issued an announcement regarding abnormal stock price fluctuations. The company's A-share stock recorded cumulative gains偏离值 of 20% over three consecutive trading days on February 27th, March 2nd, and March 3rd, 2026, which constitutes an abnormal trading situation. The company stated that its current production and operational activities are normal. Due to a combination of factors, international tanker shipping rates have continued to rise sharply recently.