Amazon will start charging sellers who use its shipping services a 3.5% “fuel and logistics” surcharge later this month, joining the ranks of shipping companies raising prices as the war in Iran pushes oil prices higher. https://t.co/Mg4jNtYAr6 ...

RT BRICS News (@BRICSinfo)JUST IN: 🇮🇷 Iran says any European, Asian, or Arab country is welcome to reach out for an agreement to transit through the Strait of Hormuz. ...

RT Nick Szabo (@NickSzabo4)A closed strait is not what gives Iran leverage.Their military veto power over commercial shipping through the strait is what gives them leverage. And they are certainly not going to give that up. Nor does any armed force in the world any longer have the ability to take away such a veto power. The military technology and tactics that give Iran this power were aptly demonstrated by their proxy the Houthis at the Bab-El-Mandeb a year ago.Iran is happy to open up the Strait of Hormuz ...

RT Drop Site (@DropSiteNews)🇨🇳 China blames U.S. and Israel for Strait of Hormuz disruptions➤ Speaking in Beijing, Foreign Ministry spokesperson Mao Ning said: “The root cause for disruption in Strait of Hormuz is illegal US-Israeli military operation against Iran.”➤ The comments came after President Donald Trump said countries reliant on the waterway should “grab it and cherish it,” suggesting they secure the route themselves.➤ China, which depends heavily on Middle East energy imports, said several of its ...

RT Nick Szabo (@NickSzabo4)A closed strait is not what gives Iran leverage.Their military veto power over commercial shipping through the strait is what gives them leverage. And they are certainly not going to give that up. Nor does any armed force in the world any longer have the ability to take away such a veto power. The military technology and tactics that give Iran this power were aptly demonstrated by their proxy the Houthis at the Bab-El-Mandeb a year ago.Iran is happy to open up the Strait of Hormuz ...

Turkey is seeking permission from Iranian authorities for 11 Turkish-owned ships to pass through the Strait of Hormuz, the state-run Anadolu news agency reported https://t.co/29MwUHGzFR ...

Summary of China Merchants Energy Shipping (601872.SS) Conference Call Company Overview - **Company**: China Merchants Energy Shipping Co Ltd (601872.SS) - **Industry**: Energy Shipping Key Points and Arguments 1. **Management Outlook on VLCC**: Management remains optimistic about Very Large Crude Carriers (VLCC), projecting a one-year Time Charter Equivalent (TCE) of approximately US$130,000 per day, which is expected to support TCE levels with potential for further upside if the Strait of Hormuz reopens [1][6][7] 2. **Impact of Strait of Hormuz Closure**: The closure of the Strait of Hormuz is anticipated to reduce export volumes; however, management believes this can be partially mitigated by increased exports from Yanbu, the release of oil from the US Strategic Petroleum Reserve (SPR), and strong arbitrage demand due to oil price differences across regions [1][6] 3. **Aging Fleet Utilization**: VLCCs older than 20 years are operating at lower utilization rates, with 40-70% of these older compliant vessels being used for floating storage. The average age of the company's VLCC fleet is 10 years, with utilization rates previously at 95-97% before the Iran conflict [1][7] 4. **TCE Performance**: The company's VLCC TCE was reported at approximately US$80,000 per day in Q4 2025, outperforming the market due to higher spot exposure. Management indicated that a US$10,000 per day increase in TCE could lead to a pre-tax profit increase of RMB 1 billion [1][7] 5. **Arbitrage Demand**: Management highlighted that arbitrage demand, driven by oil price differences across regions, is a significant factor supporting elevated TCE levels. They noted that the TCE from Yanbu Port to China is currently at WS150-250, while TCE from West Africa and the US Gulf to China ranges from US$100,000 to US$150,000 per day [1][6] 6. **Future Ship Deliveries**: The current order book for new ship deliveries is only 50% compared to the number of aged ships, indicating a potential supply constraint in the future [1][7] 7. **Middle East Disruption**: Management noted that approximately 4 million barrels of crude oil are exported from Yanbu daily, with plans to increase this to 5 million barrels per day as per Saudi Arabia's strategy. The disruption in the Middle East and increased exports from the US and Brazil have led to the redeployment of many tankers [1][6] Additional Important Information - **CAPEX for Aging Fleet**: To enhance operational efficiency, management estimates that the aging fleet requires an annual capital expenditure of approximately US$10-20 million [1][7] - **Market Context**: The management's insights reflect a broader context of geopolitical tensions affecting oil supply routes and the shipping industry, emphasizing the importance of regional dynamics in shipping demand [1][6] This summary encapsulates the critical insights from the conference call regarding China Merchants Energy Shipping's operational outlook, market conditions, and strategic considerations in the energy shipping sector.

COSCO Shipping Energy (1138.HK) Conference Call Summary Company Overview - **Company**: COSCO Shipping Energy - **Ticker**: 1138.HK - **Market Cap**: HK$90.5 billion / $11.6 billion - **Enterprise Value**: HK$103.3 billion / $13.2 billion - **Industry**: Transportation, specifically oil shipping Key Financial Results - **FY25 Net Profit**: Rmb4.0 billion, with a 4Q25 net profit of Rmb1.3 billion (+112% YoY / +54% QoQ) [2] - **Recurring Profit**: Excluding one-off items, FY25 recurring profit was Rmb3.9 billion, with 4Q25 recurring profit also at Rmb1.3 billion, missing consensus by 35% [2] - **Final Dividend**: Rmb0.38 per share, representing a 51% payout of full-year recurring profit [2] Operational Highlights - **VLCC Spot TCE**: Recognized TCE in 4Q25 was above US$70k/day, with some revenue recognition delayed to 1Q26 [3] - **Fleet Management**: 8 vessels are held inside the Gulf, unable to collect demurrage fees; 10 VLCCs redirected to Yanbu with TCE of US$170-180k/day [3] - **Load Factor**: Excluding vessels in the Persian Gulf, the load factor of the remaining fleet is maintained at 50-55%, similar to pre-war levels [3] - **VLCC Fleet**: 51 VLCCs in operation, with 6 new VLCCs scheduled for delivery in 2027-2028; 10-15% of VLCCs are chartered out [3] Market Dynamics - **International Oil Transportation**: Turnover down -7% YoY in 4Q25; however, average crude tanker TCE rose +158% YoY, tracking below industry BDTI TD3C TCE of +186% YoY [19] - **Demand and Supply**: Management believes VLCC deliveries are insufficient to meet replacement demand until 2029, indicating a continued net demand for VLCCs in the near term [3][21] - **Cost Management**: Unit costs fell -4% YoY in 4Q25; charter costs more than doubled YoY, offset by lower unit fuel costs (-17%) [21] Financial Projections - **Revenue Forecasts**: - FY25: Rmb23.8 billion - FY26E: Rmb38.9 billion - FY27E: Rmb36.9 billion - FY28E: Rmb34.9 billion [7] - **EPS Projections**: - FY25: Rmb0.79 - FY26E: Rmb2.45 - FY27E: Rmb2.11 - FY28E: Rmb1.73 [7] Investment Thesis - **Buy Rating**: COSCO Shipping Energy is rated as a Buy due to its position as a key beneficiary of the VLCC super-cycle driven by tight capacity and industry consolidation [20] - **Market Share**: The company holds a 5% share of the global seaborne crude oil tanker market and a 1% share of the product oil tanker market [35] - **Growth Drivers**: Limited capacity additions, structural demand increases due to geopolitical factors, and COSCO's diversified fleet position are expected to support continued growth [35] Risks - **Key Risks**: - OPEC output reductions - Higher-than-expected capacity deliveries - Weaker oil consumption demand due to macroeconomic conditions [32] Conclusion COSCO Shipping Energy's recent performance reflects strong operational metrics despite some revenue recognition delays. The company is well-positioned to benefit from ongoing market dynamics, with a solid growth outlook supported by its extensive fleet and strategic management decisions.

FICC日报 | 2026-04-01 4月合约交割结算价格逐步清晰 市场分析 线上报价方面。 Gemini Cooperation：马士基上海-鹿特丹WEEK15周报价1470/2360，WEEK16周报价1390/2220；HPL 4月份上半 月船期报价介于2147-2735美元/FEU，4月下半月船期报价1685/2735，5月份船期报价2135/3535. MSC+Premier Alliance：MSC 4月上半月船期报价1706/2852；ONE 4月份上半月船期价格价格2561美元/FEU，4 月下半月船期报价3061美元/FEU；HMM4月上半月船期报价2558美元/FEU。 Ocean Alliance：CMA 上海-鹿特丹4月份上半月船期报价2725美元/FEU，4月下半月船期报价1775/3125；EMC 4 月份上半月船期报价2030/3060；OOCL 4月份上半月船期报价介于2592-2692美元/FEU。 地缘端：【特朗普将于周四上午就伊朗问题发表全国讲话】金十数据4月1日讯，白宫新闻秘书莱维特：美东时间明 晚9点（北京时间周四上午9点），特朗普总统将发表全国讲话，提供关于伊朗局 ...

With the conflict in the Persian Gulf still ongoing, it's a good idea to buy some protection for a portfolio in case of an extended conflict, or even a relatively short one that results in lasting structural damage to the economic activity that preceded it.Following that line of thought, here's a whistle-stop tour through 10 stocks that can help investors in the current environment.Three oil stocks to benefit if the price of oil spikes even higherIt's hard not to come across as Captain Obvious here, but oil ...