HK Stock Market Move | CSSC SHIPPING (03877) rose more than 5% in the morning, with VLCC freight rates and rentals skyrocketing. The company's fleet covers all types of vessels.

CSSC SHIPPING (03877) rose more than 5% in the morning, rising by 5.56% as of the time of publication, at 2.47 Hong Kong dollars, with a turnover of 104 million Hong Kong dollars. On the news front, at the end of 25, South Korean Changjin Shipping has become the world's largest VLCC operator through the purchase of second-hand ships and locking in capacity through period charters. In addition, the risk premium related to the Strait of Hormuz continues to rise, with VLCC charter rates rising during the Chinese New Year holiday to nearly the highest level in 10 years, with one-year VLCC charter rates continuing to rise to $92,500 per day, up 28.5% on a week-on-week basis. Sinolink has previously released research reports stating that CSSC SHIPPING's fleet combination has characteristics such as diversification, high value, and youthfulness. As of the end of 25H1, the company's fleet size reached 143 ships, including 121 in operation and 22 under construction. In terms of types, the contract amounts for offshore clean energy equipment, container ships, liquid cargo ships, bulk carriers, and special purpose vessels account for approximately 14.7%/17.4%/23.1%/23.1%/21.7%, respectively. According to Clarkson data, there are only four companies in China's shipping leasing companies that cover all ship types, with the company being one of them.