On August 11, COSCO SHIP ENGY fell 3.34% in regular trading, trading at 14.23 HKD/share, with turnover of approximately 47.44 million HKD.

On the news front, the company's VLCC vessel Yuan Xi Hu recently diverted from its Red Sea route to circumnavigate Africa via the Cape of Good Hope, triggering market concerns over rising operating costs and declining route efficiency. The stock had surged over 6% on August 5 on expectations of the Strait of Hormuz reopening, but the ongoing dual strait crisis — with Houthi blockade of the Bab el-Mandeb Strait compounding Hormuz passage disruptions — has reignited uncertainty and weakened sentiment.

Analysts have noted that if the Strait of Hormuz resumes normal traffic, VLCC freight rate centers could still move higher in the second half as Gulf cargo volumes recover and global restocking begins. However, repeated geopolitical reversals continue to constrain near-term market confidence. Notably, BlackRock reduced its holdings in the company's H-shares from 8.27% to 7.54% in early July.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)