Tanker Shipping Rates Remain Elevated as COSCO SHIP ENGY Shares Jump Over 7% at Opening

Deep News

Feb 20

COSCO SHIP ENGY (01138) rose more than 7% in early trading. At the time of writing, the stock was up 6.16%, trading at HK$18.26, with a turnover of HK$84.9897 million.

A research report from Guotai Haitong Securities noted that geopolitical tensions since 2026 have heightened shipowner sentiment, with some overseas shipowners increasing chartering activities to control market supply. As a result, tanker shipping rates have remained high recently. The VLCC TCE rate for the Middle East-China route has stayed above $120,000. The report suggests that shipowner sentiment is likely to continue influencing short-term freight rates. It advises monitoring the year-on-year upward trend in average freight rates and projects that tanker profits in the first quarter of 2026 will surge several times compared to the same period last year.

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At the time of writing, the stock was up 6.16%, trading at HK$18.26, with a turnover of HK$84.9897 million.</p>\n<p>A research report from Guotai Haitong Securities noted that geopolitical tensions since 2026 have heightened shipowner sentiment, with some overseas shipowners increasing chartering activities to control market supply. As a result, tanker shipping rates have remained high recently. The VLCC TCE rate for the Middle East-China route has stayed above $120,000. The report suggests that shipowner sentiment is likely to continue influencing short-term freight rates. 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At the time of writing, the stock was up 6.16%, trading at HK$18.26, with a turnover of HK$84.9897 million.</p>\n<p>A research report from Guotai Haitong Securities noted that geopolitical tensions since 2026 have heightened shipowner sentiment, with some overseas shipowners increasing chartering activities to control market supply. As a result, tanker shipping rates have remained high recently. The VLCC TCE rate for the Middle East-China route has stayed above $120,000. The report suggests that shipowner sentiment is likely to continue influencing short-term freight rates. It advises monitoring the year-on-year upward trend in average freight rates and projects that tanker profits in the first quarter of 2026 will surge several times compared to the same period last year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0028","symbol_name":"国家队","start_time":0,"source_url":"","article_id":"1198377201","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198377201","pubTimestamp":1771552818,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"COSCO SHIP ENGY (01138) rose more than 7% in early trading. At the time of writing, the stock was up 6.16%, trading at HK$18.26, with a turnover of HK$84.9897 million. 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