The shipping sector in the Hong Kong stock market has strengthened, with institutions pointing to a "super bull market" for oil transportation, coupled with an "unexpected option" arising from changes in the gray market, sustaining ultra-high prosperity.

The strategic value of oil transportation is becoming increasingly prominent, and the value of China's fleet is expected to exceed forecasts.

Zhitong FinanceApr 2 10:06

Reports indicate that the first supertanker carrying Iraqi crude oil has passed through the Strait of Hormuz.

Market sources indicate that a very large crude oil tanker carrying Iraqi crude has arrived at Mumbai, India. If confirmed, this would mark the first case of Iraqi crude being shipped via the Strait of Hormuz following the resurgence of hostilities in the Middle East.

cls.cnMar 24 07:41

The oil kingdom is pulling out all the stops! Reports claim that Saudi Arabia is 'securing available oil tankers at sky-high prices.'

①The latest information shows that, to circumvent the risk of suspension at the Strait of Hormuz, Saudi Arabia’s national shipping company Bahri is urgently chartering VLCC tankers at a daily rate exceeding $450,000; ②Shipping data also indicates that a large number of vessels are heading to the Red Sea port to load crude oil, and the port's carrying capacity will face a historic test.

cls.cnMar 12 22:46

Zhitonggang Equity Rights Disclosure | March 10

HKEX Shareholder Equity Disclosure | March 10

Zhitong FinanceMar 10 08:05

Express News | Joint Maritime Information Center: Shipping in the Strait of Hormuz has almost completely stalled.

BreakingsMar 6 14:08

Is the Strait of Hormuz 'open or not'? Iran provides differing accounts.

① A senior Iranian military officer stated on Thursday that Iran has not actually closed the Strait of Hormuz and is handling vessels passing through the strait in accordance with relevant international rules and established agreements; ② Subsequently, the Islamic Revolutionary Guard Corps of Iran announced that it had struck a U.S. oil tanker in the northern Persian Gulf; the organization emphasized that military and commercial vessels belonging to the United States, Israel, European countries, and their supporters are strictly prohibited from navigating in this area. According to reports from CCTV News, Xinhua News Agency, and other media outlets, these two pieces of news regarding whether the Strait of Hormuz 'remains open' sparked significant reactions among traders in the afternoon of Thursday, Beijing time.

cls.cnMar 5 17:35