Zhi Tong Cai Jing·2025-09-24 01:34Group 1 - The stock of COSCO Shipping Energy Transportation Co., Ltd. (中远海能) opened over 3% higher, currently up 3.09% at HKD 9.34, with a trading volume of HKD 4.0722 million [1] - On September 22, during the 2025 semi-annual performance briefing, COSCO Shipping Energy announced a significant increase in tanker freight rates, positively impacting the fleet earnings of global tanker owners [1] - Morgan Stanley highlighted that COSCO Shipping Energy is the largest tanker operator in China and a leading global transporter of crude oil, refined oil, and liquefied natural gas (LNG), benefiting from a diversified fleet and a relatively new fleet age structure [1] Group 2 - The VLCC TD3C TCE reached USD 96,000 per day on September 16, 2025, maintaining a high level in the following days, marking the best September VLCC freight rate since 1990 [1] - The upcoming week is the last full working week before China's National Day holiday, with a concentration of Middle Eastern cargoes expected for October, potentially leading to further increases in VLCC freight rates [1] - The available VLCC capacity in the next 30 days is projected to reach the lowest level in the past year, suggesting that VLCC freight rates may rise further, potentially surpassing the September freight rate peak since 1990 [1]