Shipping Giant COSCO SHIP ENGY Plunges 22% as US Mulls Military Protection for Tankers in Strait of Hormuz

Stock News

Mar 04

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1117908385"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1117908385\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1117908385?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-04 10:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1117908385","market":"sh","top_or_hot":-1,"title":"Shipping Giant COSCO SHIP ENGY Plunges 22% as US Mulls Military Protection for Tankers in Strait of Hormuz","media":"Stock News","content":"<p>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.</p>\n<p>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.</p>\n<p>US President Donald Trump announced that the White House will provide naval escorts and political risk insurance for tankers transiting the Strait of Hormuz.</p>\n<p>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.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shipping Giant COSCO SHIP ENGY Plunges 22% as US Mulls Military Protection for Tankers in Strait of Hormuz</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShipping Giant COSCO SHIP ENGY Plunges 22% as US Mulls Military Protection for Tankers in Strait of Hormuz\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-03-04 10:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>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.</p>\n<p>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.</p>\n<p>US President Donald Trump announced that the White House will provide naval escorts and political risk insurance for tankers transiting the Strait of Hormuz.</p>\n<p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"","article_id":"1117908385","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117908385","pubTimestamp":1772592384,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"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...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"600026":"中远海能","BK4588":"碎股","01138":"中远海能","BK0270":"水上运输","BK1535":"港口运输股","BK0188":"融资融券","VXUS":"国际股票ETF-Vanguard","BK4585":"ETF&股票定投概念","BK0012":"证金概念","BK0010":"央企","VT":"世界全股市ETF-Vanguard","SG9999014674.SGD":"Nikko AM All China Equity A SGD","BK0028":"国家队","BK1166":"石油与天然气的储存和运输","BK0020":"浦东新区","BK0183":"MSCI概念"},"translate_title":"美国考虑为霍尔木兹海峡油轮提供军事保护，航运巨头中远船舶ENGY股价暴跌22%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600026":1,"01138":1,"VXUS":1,"VT":1},"content_text":"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.\nAccording 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.\nUS President Donald Trump announced that the White House will provide naval escorts and political risk insurance for tankers transiting the Strait of Hormuz.\nCOSCO 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.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}