Zhi Tong Cai Jing·2025-10-20 03:01Company Summary - China Cosco Shipping Energy Transportation Co., Ltd. (中远海能) shares rose over 4%, trading at HKD 9.7 with a transaction volume of HKD 89.67 million [1] - The company completed a private placement of A-shares on October 15, raising approximately CNY 8 billion (net CNY 7.98 billion) by issuing 694,444,444 shares at CNY 11.52 per share [1] - The funds raised will be used to construct 6 VLCCs, 2 LNG carriers, and 3 Aframax crude oil tankers, which is expected to optimize the fleet structure and enhance clean energy deployment, ensuring future capacity and market competitiveness [1] Industry Summary - The oil market is experiencing changes as OPEC+ has accelerated production since April, with a potential increase of 2.2 million barrels per day in September, which may lead to a decline in oil prices and boost refinery inventory replenishment [2] - This situation is expected to stimulate oil trade demand, providing momentum for the oil transportation market [2] - In response to the U.S. imposing port service fees on Chinese shipping companies, China has implemented a "special port service fee" for U.S. vessels, highlighting the strategic value of Chinese shipping companies like China Cosco Shipping Energy in the international shipping competition [2]