COSCO SHIP ENGY (01138) has climbed more than 7% again. At the time of writing, the stock is up 4.48%, trading at HK$17.97 with a turnover of HK$39.1263 million. On the news front, it has been reported that the U.S. military has deployed fighter jets, early warning aircraft, and drones in multiple countries including Jordan, Saudi Arabia, Bahrain, and the UAE. Additionally, U.S. President Trump is reportedly considering a "limited-scale" military strike against Iran to pressure it into accepting U.S. demands regarding the nuclear agreement. It is worth noting that previous reports suggested the U.S. is contemplating seizing tankers linked to Iran as a means of applying pressure. Guotai Haitong Securities released a research report stating that since the start of 2026, geopolitical tensions have been high, with shipowners showing strong sentiment, and some overseas shipowners increasing chartering activities to control the market. This has kept tanker freight rates elevated recently. The VLCC TCE rate for the Middle East-China route remains above $120,000. The report suggests that shipowner sentiment is likely to continue influencing short-term freight rates and recommends monitoring the year-on-year upward trend in the average freight rate. The firm forecasts that tanker profits in the first quarter of 2026 will surge several times compared to the same period last year.