COSCO SHIP ENGY (01138) saw an increase of over 5%. As of the time of writing, the stock was up 5.23%, trading at HKD 17.1 with a turnover of HKD 42.4864 million. On the news front, Guotai Haitong Securities believes that since 2026, geopolitical tensions have been high, shipowner sentiment is buoyant, and some overseas shipowners have increased chartering to control the market, leading to recent tanker freight rates remaining at elevated levels. It is suggested that shipowner sentiment may continue to influence short-term freight rates, and attention is drawn to the year-on-year upward trend in average freight rates. Tanker profits for the first quarter of 2026 are projected to increase severalfold compared to the same period last year. It is emphasized that tanker shipping is not a short-term speculation on geopolitical events but possesses a long-term "super bull market" logic. The institution is optimistic that global crude oil production increases will continue to drive growth in tanker demand, while the accelerated aging of the tanker fleet will ensure sustained rigidity in compliant vessel supply. Monitoring changes in the grey market is advised, as geopolitical situations may present unexpected supply and demand options.