智通财经APP获悉，由于买家寻求替代受制裁的俄罗斯原油，且中东和美国生产商供应增加，一条基准 航线租用超大型油轮(VLCC)的成本飙升至逾五年来的最高水平。上周五，从中东运往中国的超大型油 轮(可运输多达 200 万桶)的基准运价涨至近 13.7 万美元/天，今年迄今涨幅达 576%。这是自 2020 年 4 月底以来的最高水平，且超过了两周前创下的上一个峰值。涵盖多条航线VLCC运价的更广泛指数也达 到了 11.64 万美元/天，创下五年来的新高。 杰富瑞分析师Omar Nokta在一份报告中指出，这还与美国和欧佩克+国家产量的增加相吻合，尤其是中 东产油国准备向买家提供更多原油。需求的转变已显而易见，上周有更多船期预订在 11 月下旬和 12 月，约有十几艘油轮被要求从中东运输原油，这反过来又推高了VLCC的收益。 费率上升也使整个油轮船队领域受益，小型船只的收益更高。Vortexa 首席货运分析师Ioannis Papadimitriou上周在一份报告中写道，苏伊士型油轮(载货量约为VLCC的一半)已进入中东，抢运通常由 VLCC运输的货物。 随着美国对俄罗斯石油公司(Rosneft PJSC)和卢克石 ...

印度等国正在寻求采购俄罗斯以外的原油 印度的石油企业宣布停止购买俄罗斯产原油，印度出现了原油采购"去俄罗斯化"的动向。有观点指出， 中国也同样试图分散采购地。 大部分俄罗斯原油是用被称为"影子船队"的老旧油轮秘密运输的。日本商船三井的油轮事业第一组负责 人渡边大辅表示，"由于印度从其他产油国增加采购，所以正规市场的超大型油轮供需紧张"。 由于俄罗斯产原油供应中断，有观点认为原油价格将上涨，市场陷入混乱状态。商船三井的渡边表 示："租船方强烈希望能够确保拿到船只，这导致运价急剧飙升"。 印度的石油企业宣布停止购买俄罗斯产原油，印度出现了原油采购"去俄罗斯化"的动向。有 观点指出，中国也同样试图分散采购地。美国原油对中国的出口增长也备受期待…… 超大型油轮（VLCC、载重约30万吨）的现货（即时合约）运费正在暴涨。背景是在美国加强对俄罗斯 制裁的趋势下，一直积极购买俄罗斯产原油的印度和中国增加了从其他产油国的采购。很多声音认为油 轮的供需紧张将持续下去。 截至11月13日，作为主要航线中东—远东之间的运费指标，世界油轮名义运费指数(WS、以标准运费为 100）达到了约132。如果按租船费计算，则上涨到每天12.5 ...

印度的石油企业宣布停止购买俄罗斯产原油，印度出现了原油采购"去俄罗斯化"的动向。有观点指出， 中国也同样试图分散采购地。美国原油对中国的出口增长也备受期待…… 船运指数在10月底之前飙升，10月29日租船费超过10万美元。超大型油轮的盈利线一般为3万～4万美 元。自新冠疫情导致原油价格下跌、使用油轮的海上储备需求增强的2020年4月以来，租船费行情再次 超过10万美元。 美国加强对俄罗斯制裁是运费上涨的主要原因。10月下旬，美国将俄罗斯最大石油企业俄罗斯石油公司 (Rosneft)和第二大石油企业卢克石油公司（Lukoil）列为经济制裁对象。此举希望在与乌克兰的停火谈 判停滞的情况下，打击俄罗斯的军费筹措。 美国也在向俄罗斯的贸易伙伴加强施压。8月以大量购买俄罗斯原油为由，美国向印度征收了额外关 税。美国总统特朗普10月15日表示，印度总理莫迪当天承诺停止购买俄罗斯原油。 印度的石油企业宣布停止购买俄罗斯产原油，印度出现了原油采购"去俄罗斯化"的动向。有观点指出， 中国也同样试图分散采购地。 超大型油轮（VLCC、载重约30万吨）的现货（即时合约）运费正在暴涨。背景是在美国加强对俄罗斯 制裁的趋势下，一直积极 ...

Core Insights - The global shipbuilding market continues to face a downturn, with South Korean shipbuilders' market share dropping to 18% in October, while Chinese shipbuilders dominate with a 73% share [1] Group 1: Market Performance - In October, global new ship orders totaled 2.91 million compensated gross tons (CGT) across 118 vessels, representing a year-on-year decrease of 38% and a month-on-month decline of 33% [1] - From January to October, total new ship orders reached 37.89 million CGT (1,392 vessels), down 43% year-on-year [1] - As of the end of October, the global order backlog stood at 167.79 million CGT, with South Korea holding 34.28 million CGT (20%) and China 101.96 million CGT (61%) [1] Group 2: Company Performance - South Korean shipbuilders secured only 9 vessels totaling 520,000 CGT in October, while Chinese shipbuilders captured 98 vessels totaling 2.13 million CGT [1] - For the year-to-date, South Korean shipbuilders have taken on 8.06 million CGT (182 vessels), accounting for 21% of the market, compared to China's 22.39 million CGT (895 vessels) at 59% [1] - Compared to last year, South Korea's backlog decreased by 3.46 million CGT, while China's backlog increased by 8.24 million CGT [1] Group 3: Pricing Trends - The new ship price index (NPI) in October was 184.87, a slight decrease from the previous month’s 185.58 [1] - Key ship prices included $248 million for liquefied natural gas (LNG) carriers, $126 million for very large crude carriers (VLCC), and $266.5 million for ultra-large container ships in the 22,000 to 24,000 TEU range [1]

Core Viewpoint - COSCO Shipping Energy (01138.HK) announced that its wholly-owned subsidiary, Huan Yu Shipping, plans to enter into a charter agreement with Hainan COSCO Development, involving the lease of six Very Large Crude Carriers (VLCCs) for a period of 240 months ± 90 days, starting from the delivery date of each vessel [1] Summary by Categories Company Actions - Huan Yu Shipping will lease six VLCCs from Hainan COSCO Development [1] - The lease term is set for 240 months ± 90 days, calculated from the delivery date of each vessel [1] Vessel Specifications - The vessels are 307,000-tonne VLCCs designed for "methanol + LNG" dual-fuel reserve [1]

Core Viewpoint - COSCO Shipping Energy (01138.HK) announced a lease agreement for six Very Large Crude Carriers (VLCCs) with Hainan COSCO Development, indicating a strategic move to expand its fleet and enhance operational capacity [1] Group 1: Lease Agreement Details - The lease agreement involves the rental of six VLCCs for a period of 240 months ± 90 days, starting from the delivery date of each vessel [1] - The vessels are 307,000-ton class VLCCs, designed for dual fuel with "methanol + LNG" fuel reserve capabilities [1]

Market Overview - A-shares opened lower on October 30, with advertising packaging, transportation services, and steel sectors leading the gains, while quantum technology, CPO concepts, communication equipment, non-ferrous metals, liquor, and pharmaceuticals saw declines [1] - In the Hong Kong market, both the Hang Seng Index and the Hang Seng Tech Index rose, with rare earth permanent magnet and new energy vehicle stocks performing well [1] Shipping Sector - The shipping sector showed strength, particularly in oil transportation, with stocks like China Merchants Energy and COSCO Shipping Energy rising significantly [2][3] Policy Support - The State Administration of Foreign Exchange announced a package of nine policy measures to support the stable development of foreign trade, aimed at optimizing convenience policies and enhancing the efficiency of service trade enterprises [5] Shipping Rates - The West Africa Marlonge/Jeno-China Ningbo VLCC freight index rose to 98.88 WS on October 29, marking a daily increase of 6.51%, a weekly increase of 10.01%, and a monthly increase of 6.68% [5] Semiconductor Sector - The storage chip sector strengthened, with companies like Time Space Technology achieving a seven-day consecutive rise, and Jiangbo Long reporting significant revenue growth [7][9] - Jiangbo Long's Q3 revenue reached 6.539 billion yuan, a year-on-year increase of 54.60%, with net profit soaring by 1994.42% [9] Robotics - Yushu Technology announced the upcoming release of a new product, potentially a quadruped robot, claiming its power performance is about twice that of its previous model [10] Energy Storage Sector - The energy storage sector continued to perform strongly, with companies like Sunshine Power seeing stock prices exceed 200 yuan, setting a new historical high [12][13] - Sunshine Power reported a revenue of 66.402 billion yuan for the first three quarters, a year-on-year increase of 32.95%, with net profit rising by 56.34% [15] - The company highlighted that its profitability mainly comes from photovoltaic inverters and energy storage businesses, with a focus on increasing overseas market share [15]

Group 1 - On October 27, Hengli Heavy Industry signed a contract with Greek shipowner Efnav for the construction of six 82,000 deadweight ton bulk carriers, which are recognized for their "green, environmentally friendly, energy-saving, and safe" features, meeting international maritime organization emission standards [1] - Efnav is a well-known ship management company in Greece, known for its solid management and operational efficiency, which reflects the recognition of Hengli Heavy Industry's efficiency and quality [1] - Hengli Heavy Industry has been actively expanding its presence in the Greek market, establishing good relationships with several prominent Greek shipowners and signing a series of shipbuilding contracts [1] Group 2 - Hengli Heavy Industry has recently experienced a surge in orders, signing contracts for 12 very large crude carriers (VLCCs) within two weeks, with a total order value exceeding 10 billion [2] - The company has also secured contracts for various types of vessels, including VLCCs, Capesize bulk carriers, and Panamax bulk carriers, indicating a robust order intake and construction activity [2] - The collaboration with major international shipping companies, including Frontline and Dynacom, enhances Hengli Heavy Industry's position in the international shipbuilding market and meets the global shipping market's demand for high-quality vessels [2] Group 3 - Following the recent contracts, Hengli Heavy Industry signed additional agreements with Greek shipowner Capital and domestic shipping company Shandong Ocean for one VLCC, two Capesize bulk carriers, and one ultra-Panamax bulk carrier, showcasing its comprehensive capabilities in high-end large vessel design and construction [3] - The company also signed contracts for five new vessels with European shipowners, including four Kamsarmax and one Capesize bulk carrier, with a total contract value exceeding 1.5 billion, indicating its growing market share in Europe [3] - Hengli Heavy Industry's continuous expansion in the European market is expected to further enhance its market presence and competitiveness in the global shipping industry [3]

Core Insights - Hengli Heavy Industry has signed contracts for the construction of 12 Very Large Crude Carriers (VLCCs) with several international shipping giants, with a total order value exceeding 10 billion [1] - The collaboration with companies such as Norway's Frontline and Greece's Dynacom enhances Hengli Heavy Industry's position in the international shipbuilding market and aims to meet global shipping demands with high-quality vessels [1] - Hengli Heavy Industry aims to continue deepening partnerships with international shipping leaders and innovate in high-end shipbuilding to boost China's competitiveness in the global market [1] Company Developments - Hengli Heavy Industry has achieved a significant milestone by completing the transition from "0" to "1" in the design and construction of its first self-designed VLCC within just over a year, showcasing its technical capabilities [2] - The company has received a total of 6 VLCC orders from a major shipping giant, with current orders extending to 2029, positioning Hengli Heavy Industry as the largest single-entity shipbuilding base globally [2] - The company focuses on creating world-class, high-end, intelligent, and environmentally friendly shipbuilding and equipment manufacturing, with a comprehensive competitive advantage in technology and integrated industrial chains [1][2] Industry Context - VLCCs are crucial for global oil transportation due to their large carrying capacity and high efficiency, and their construction is a key indicator of a shipyard's overall strength [1] - The recent contracts and innovations in energy efficiency and environmental protection in VLCC design are expected to enhance operational efficiency and economic benefits for shipowners [2]

Group 1 - The core viewpoint of the articles highlights the increasing demand for oil from China, which is driving up tanker freight rates, while the attractiveness of U.S. crude oil to Asian buyers is gradually declining [1][4] - Chinese refining companies are rapidly placing orders for crude oil to utilize government-import quotas before the end of the year, leading to a higher utilization rate of Very Large Crude Carriers (VLCCs) [1] - The daily rental rate for VLCCs on the U.S. to China route has exceeded $70,000, which, although lower than the $90,000 rate for the Middle East to China route, results in significantly higher overall transportation costs due to longer shipping times [1] Group 2 - The "arbitrage trade" from the U.S. to Asia has become a notable feature in the spot market, although this trend may not be sustainable in the long term [1] - As OPEC gradually eases production quotas, crude oil shipping volumes in the region east of the Suez Canal are increasing, with shipowners optimistic about the market outlook [1] - There are signs of tightening supply in the U.S. domestic crude oil market, with government data indicating that crude oil inventories have decreased for two consecutive weeks, reaching the lowest level since January [4]