Understanding the Market | Shipping stocks perform actively, with COSCO SHIPPING Energy and OOIL both rising over 3%

Zhitong
2025.10.16 06:25
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Shipping stocks performed actively, with COSCO SHIPPING Energy rising 3.21% to HKD 9.65, and OOIL increasing 3% to HKD 126.9. Affected by the U.S. 301 port fee measures, China will implement special port fees as a countermeasure against U.S. vessels. Guosen Securities believes that the initial implementation of the policy may lead to price fluctuations in the short term, and oil shipping rates are expected to perform strongly. Huachuang Securities pointed out that mutual port fees will increase shipping companies' costs, which may cause trading chaos in the short term and support a rise in shipping rates. It is recommended to pay attention to investment opportunities in shipping stocks amid Sino-U.S. trade frictions

According to Zhitong Finance APP, shipping stocks are performing actively. As of the time of writing, COSCO SHIPPING Energy (01138) is up 3.21%, trading at HKD 9.65; OOIL (00316) is up 3%, trading at HKD 126.9; COSCO SHIPPING Holdings (01919) is up 2.97%, trading at HKD 12.82; and Wan Hai Lines (02510) is up 1.7%, trading at HKD 8.39.

On the news front, recently, due to the implementation of the U.S. 301 port fee measures on October 14, the Ministry of Transport announced that China will implement special port fees as countermeasures against U.S. vessels starting from October 14. Guosen Securities believes that the mutual imposition of port fees between China and the U.S. will have a limited overall impact on freight rates, but the initial chaos during the short-term policy implementation may lead to fluctuations in freight rates. In terms of oil transportation, with the new round of U.S. OFAC sanctions taking effect on October 9 and China's announcement of special port fees for U.S. vessels on October 10, market concerns about port congestion and declining supply chain efficiency have intensified. Last week, VLCC shipping rates saw a significant increase compared to the previous week. The firm believes that the combined effect of the peak season in the short to medium term will likely lead to strong performance in oil transportation rates.

Huachuang Securities pointed out that the mutual imposition of port fees by both China and the U.S. will increase costs for shipping companies. At the same time, the short implementation window of the measures may disrupt established trading rhythms and plans, causing short-term chaos. Against the backdrop of escalating trade friction, shipping companies have a stronger motivation to pass on costs and greater bargaining power, supporting short-term rate increases. In the medium to long term, shipping companies can avoid the imposition of port fees by reallocating capacity across different global routes. However, considering China's extremely important position in global dry bulk, energy transportation, and manufacturing exports, the ultimate impact needs to be observed further. It is recommended to pay attention to investment opportunities in shipping stocks amid China-U.S. trade friction, as tanker and dry bulk freight rates are expected to benefit from short-term chaos risk premiums

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