On May 27, COSCO Shipping Energy fell 3.03% in regular trading, trading at HK$17.34/share, with trading volume of approximately HK$75.47 million, extending the prior session's decline of over 9%.

On the news front, the Hormuz Strait blockade lacks a substantial breakthrough, with passage volume remaining at low levels. The oil shipping market is in an overall oversupply pattern, compounded by the current industry low season, resulting in relatively loose vessel availability and increasing downward market pressure. Guosen Securities noted that oil shipping freight rates remain at a bottom support level and that the current oscillating trend is already considered resilient.

Additionally, the company announced on the same day a capital increase of RMB 1.018 billion to its subsidiary Hainan Haineng for constructing VLCCs and Aframax crude oil tankers, and signed approximately RMB 800 million in LR2 newbuilding lease contracts. The expansion in capital expenditure has also drawn market attention, raising concerns about near-term cash flow allocation amid a weak freight rate environment.

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