Changes in Hong Kong stocks | Shipping stocks continue to decline, US plans to legalize “shadow fleets” cruise ships, agencies expect overall shipping company stock prices to be pressured

The Zhitong Finance App learned that shipping stocks continued to decline. As of press release, COSCO Haineng (01138) fell 4.27% to HK$16.37; Haifeng International (00316) fell 3.62% to HK$46.92; Orient Overseas International (00316) fell 3.27% to HK$150.7; COSCO Maritime Control (01919) fell 2.68% to HK$16.34; Pacific Shipping (02343) fell 2.28% to HK$3.64.

According to the news, according to market media reports, US Secretary of Energy Chris Wright recently said that the Trump administration is authorizing the sale of some sanctioned tankers and plans to go through refurbishment and approval procedures to allow these ships to operate legally and transport unsanctioned crude oil. The United States hopes to use this to expand the number of tankers that can be used to mitigate transportation disruptions caused by the Iran war and the blockage of the Strait of Hormuz.

The Yamato Research Report pointed out that the US is considering allowing some previously sanctioned “shadow fleets” tankers to transport unsanctioned crude oil and petroleum products under the approval of the US Treasury Department. This move aims to increase the export capacity of crude oil and refined oil products in the Gulf region and ease the high global tanker freight rate; this move is expected to put pressure on the overall stock prices of shipping companies. The bank believes that although the relevant proposal is a temporary exemption and the unofficial delisting of sanctioned ships, it has shown a clear shift in policy. Some oversized tankers and other tankers that were previously restricted may be able to return to part of international oil trade, and this move shows that the Trump administration is increasingly prioritizing lower freight and energy prices rather than strictly enforcing shipping-related sanctions.