Jin Rong Jie·2025-12-01 05:57Core Viewpoint - 中远海能's stock price increased by nearly 7%, reaching HKD 10.94, with a trading volume of HKD 186 million, driven by favorable market conditions in the oil shipping sector [1]. Group 1: Market Conditions - The increase in oil production from the Middle East and South America has become evident over the past two months, positively impacting the shipping industry [1]. - U.S. sanctions on Russian oil have led India to reduce imports from Russia, shifting towards Middle Eastern and U.S. Gulf oil, benefiting compliant VLCCs and causing freight rates to surge [1]. Group 2: Financial Performance - The VLCC-TCE (Time Charter Equivalent) for the Middle East to China route reached over USD 140,000 last week, indicating strong demand and profitability [1]. - The fourth quarter of 2025 is expected to see VLCC-TCE averages exceeding USD 90,000, with oil tanker profits projected to reach a ten-year high [1].