申万宏源交运一周天地汇:VLCC日租金创16月新高 航空暑运有望量价同步好转

上海申银万国证...
Jun 21, 2025

本期投资提示:中东风险溢价验证运价大涨,跳过中间过程,终局黑市解除油轮供需改善,当前估值安全边际充足。霍尔木兹海峡通行效率下降及风险溢价为当前主要逻辑,油价大幅上涨衰退代理的风险目前看概率较低,当前情形对油轮影响较为积极。推荐中远海能、招商轮船,当前A 股处于重置成本0.9 倍左右,安全边际充足。美股关注FRO、ECO、DHT、TNK、INSW等。原油运:中东局势升级,VLCC 运价率创年内新高,...

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