智通财经网·2025-11-13 04:00Core Viewpoint - The recent increase in oil production from the Middle East and South America, along with U.S. sanctions on Russian oil, is positively impacting the VLCC (Very Large Crude Carrier) market, leading to a significant rise in freight rates over the past two months [1] Group 1: Market Performance - Zhongyuan Shipping (01138) saw a rise of over 4%, specifically 4.1%, reaching HKD 10.92 with a trading volume of HKD 247 million [1] - The VLCC-TCE (Time Charter Equivalent) rate for the Middle East to China route slightly decreased to nearly USD 100,000, although the overall freight rate remains at a high level [1] Group 2: Future Outlook - Cathay Securities predicts that the profitability of oil shipping will reach a ten-year high by Q4 2025 [1] - There is a significant divergence in market expectations regarding the oil shipping industry's outlook for 2026, with expectations of continued global oil accumulation, particularly from South America, which will extend shipping distances and support ongoing demand growth [1] - The effective supply growth of compliant shipping capacity is expected to be significantly lower than anticipated, suggesting a potential upward trend in the oil shipping market, possibly leading to a super bull market [1]