Core Viewpoint - The shipping stocks are experiencing active performance due to the upcoming implementation of the U.S. 301 port fee measures on October 14, which has prompted China to announce retaliatory port fees on U.S. vessels. This situation is expected to create short-term volatility in shipping rates, particularly in the oil transportation sector, where rates have already surged due to recent sanctions and fee announcements [1][2]. Group 1: Shipping Stock Performance - Cosco Shipping Energy (01138) rose by 3.21% to HKD 9.65 [1] - Orient Overseas International (00316) increased by 3% to HKD 126.9 [1] - Cosco Shipping Holdings (01919) gained 2.97% to HKD 12.82 [1] - Yang Ming Marine Transport (02510) saw a rise of 1.7% to HKD 8.39 [1] Group 2: Impact of U.S.-China Port Fee Measures - The U.S. port fee measures are expected to have a limited overall impact on freight rates, but initial implementation chaos may lead to rate fluctuations [1] - The introduction of special port fees by China on U.S. vessels is anticipated to increase costs for shipping companies, potentially leading to a stronger motivation for cost pass-through and increased bargaining power for these companies [2] - In the medium to long term, shipping companies may adjust their capacity across global routes to mitigate the impact of port fees, but the significant role of China in global dry bulk, energy transport, and manufacturing exports necessitates ongoing observation of the situation [2] Group 3: Oil Shipping Market Outlook - Following the recent sanctions and the announcement of special port fees, there is heightened concern regarding port congestion and supply chain efficiency, leading to a significant increase in VLCC shipping rates week-on-week [1] - The combination of seasonal demand and the current market conditions suggests that oil shipping rates are likely to perform strongly in the short term [1]