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08/10/2026 10:32

COSCO Energy rises nearly 6%, COSCO Shipping surges over 4%, VLCC daily earnings briefly exceed $600,000

   Shipping stocks generally rose, COSCO Shipping (01919) up 4.5%, at HK$17.08, COSCO Energy (01138) up 5.8%, at HK$21.48, COSCO Shipping Finance (02866) up 2.3%, at HK$0.88, Orient Overseas (00316) up 2.4%, at HK$147.4.

  On the news front, Clarkson data showed that the average VLCC earnings in the third quarter reached $278,000/day, and after early October, earnings on certain routes have already exceeded $1.6 million/day, with overall market earnings briefly surpassing $600,000/day.

  The Hang Seng Index stood at 24,082, down 47 points or 0.2%, with main board turnover of nearly HK$63.2 billion. The Hang Seng China Enterprises Index stood at 8,115, up 32 points or 0.4%. The Hang Seng Tech Index stood at 4,145, down 48 points or 1.2%.
 
Table showing performance of related stocks in the same sector
Stock (Code)Current Price (HK$)Change (%)
Orient Overseas (00316)147.4Up 2.36%
SITC International (01308)49Up less than 0.1%
CMHI Port (00144)17.5Up 2.28%
COSCO Shipping (01919)17.08Up 4.46%
COSCO Shipping Ports (01199)6.31Up 0.88%
Pacific International Lines (02343)3.925Up 0.64%
COSCO Energy (01138)21.48Up 5.81%
Sinotrans (00598)4.495Up 0.67%
Tianjin Port (03382)0.61Down 0.81%
COSCO Shipping Finance (02866)0.88Up 2.33%
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