---
title: "COSCO Shipping Energy slides 5% in Hong Kong on Red Sea disruption"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295040653.md"
description: "COSCO Shipping Energy Transportation slides 5.2% in Hong Kong as Red Sea woes force VLCC diversions around Africa."
datetime: "2026-08-06T01:49:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295040653.md)
  - [en](https://longbridge.com/en/news/295040653.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295040653.md)
generator: "portal-rs"
---

# COSCO Shipping Energy slides 5% in Hong Kong on Red Sea disruption

COSCO Shipping Energy Transportation (1138.HK) fell more than **5%** in Hong Kong trading to **HK$14.19**, as Red Sea disruption continues to affect oil tanker shipping. The stock dropped **5.21%** during the session.

According to media reports, Chinese very large crude carriers (VLCCs) have resumed transporting Saudi crude oil but are diverting around Africa instead of transiting the Red Sea. COSCO Shipping Group's VLCC "Yuanxi Lake" has arrived at the Sidi Kerir terminal on Egypt's Mediterranean coast to await loading.

Shares had surged more than 6% in the previous session after US Treasury Secretary Janet Yellen expressed optimism about the resumption of shipping through the Strait of Hormuz. Today's decline reverses those gains as renewed uncertainty over the Red Sea situation weighs on the oil shipping sector.

### Related Stocks

- [01138.HK](https://longbridge.com/en/quote/01138.HK.md)

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- [HSBC Research Turns More Cautious on Global Container Shipping Stocks, Expects Industry Profit to Peak This Quarter](https://longbridge.com/en/news/298009632.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**