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| HSI1 | 25,465.60 | -251.16 | 246.54B |
| HSCEI1 | 8,671.48 | -28.07 | 66.53B |
| Back Zoom + Zoom - Block Traded | |
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2026-03-12 11:55:30 JPMorgan issued a research report saying that it held an expert conference call to discuss how Iran-related events are reshaping the oil tanker and gas transportation markets, with over 90 investors participating. The broker highlighted key points, including: the forward charter markets suggest that, even if spot freight rates ease, tanker earnings may remain structurally high over the next 12 months; due to safety concerns, vessels originally scheduled to load in the Persian Gulf remain the area, leading to tighter effective tanker fleet supply; alternative crude oil transportation demand in long-haul regions such as the US Gulf of Mexico may significantly increase; and even if an immediate ceasefire occurs, it will take time to restore normal shipping flow through the Strait of Hormuz as shipowners, insurers and charterers need to rebuild confidence. The above analysis reinforced JPMorgan's positive view on the industry. Therefore, the broker reaffirmed rating at Overweight on COSCO SHIP ENGY (01138.HK)'s H-shares, and believed that the company will continue to maintain six-digit freight earnings and tighter fleet supply, which is expected to sustain profit momentum, with a target price of $24. ~ AASTOCKS Financial News Website: www.aastocks.com | |