COSCO SHIP ENGY (01138) has seen its shares increase by over 4%, currently up 3.85% at HK$9.71, with a trading volume of HK$112 million. According to reports, U.S. President Trump stated on October 15 that Indian Prime Minister Modi assured him during a conversation that India would cease purchasing Russian oil. No official response from the Indian government has been observed yet. Bank of America previously indicated that COSCO SHIP ENGY's operational performance in the first half of the year met expectations, with net profits exceeding forecasts primarily due to one-off gains. The bank has revised upward its earnings forecasts for 2025 to 2027, reflecting the tailwinds brought by OPEC+ production increases and tightened U.S. sanctions on the crude oil tanker market. The bank maintains a "Buy" rating, believing the group will be a major beneficiary of the tanker market's recovery. Additionally, the Chinese Ministry of Transport recently announced the implementation of port service fees for U.S. vessels as a countermeasure to U.S. port fees on Chinese ships, effective October 14. Goldman Sachs anticipates that effective capacity in segment areas of the shipping industry may experience temporary disruptions, which could pose upward risks to freight rates, particularly for Very Large Crude Carriers (VLCCs). Huatai Securities has noted that September saw strong demand in the crude oil tanker market. The firm believes that OPEC+ production increases are stimulating restocking and cross-regional arbitrage demand, combined with seasonal demand increases, are likely to support a rise in VLCC freight rates in Q4 2025 and Q1 2026.