智通财经网·2025-09-15 01:59Core Viewpoint - Zhongyuan Shipping (01138) has seen a stock price increase of over 6%, currently trading at 9.28 HKD with a transaction volume of 218 million HKD, driven by rising VLCC freight rates and positive market outlook for Q4 [1] Group 1: Freight Rate Performance - On September 11, the VLCC freight rate reached 74,338 USD/day, marking a year-on-year increase of 113%, surpassing the seasonal data for Q4 2023 and 2024 [1] - On September 12, the WS freight rate index stood at 93.6 points, reflecting a 7.4% increase compared to the previous day [1] Group 2: Market Outlook - According to Zheshang Securities, VLCC freight rates are expected to reach a three-year high during the Q4 peak season, indicating potential earnings elasticity for the company [1] - The supply-demand dynamics are tightening, with OPEC+ continuing to increase production, limited delivery capacity on the supply side, and ongoing sanctions on Russian and Iranian fleets in Europe and the US, leading to a constrained overall fleet supply [1] - The expanding supply-demand gap is anticipated to manifest in freight rates, with the potential for new highs in this round of market conditions [1]