Zhi Tong Cai Jing·2025-12-22 06:11Core Viewpoint - COSCO Shipping Energy (中远海能) shares rose over 5%, currently trading at 10.08 HKD with a transaction volume of 136 million HKD, amid reports of the U.S. Coast Guard intercepting the "Bella 1" oil tanker near Venezuela, marking the third such interception in recent times [1] Group 1: Market Dynamics - J.P. Morgan's research indicates that while concerns over existing shipping disruptions may gradually diminish, they expect oil tanker profitability to remain resilient next year [1] - Over 20% of the global oil tanker fleet is over 20 years old, with a significant portion concentrated in the "shadow fleet," limiting their ability to participate in compliant trade [1] - Geopolitical tensions are further driving up transportation demand, with sanctions on vessels from Russia, Iran, and Venezuela expanding, leading to approximately 18% to 20% of the fleet engaging in non-compliant transportation [1]