The Economic Information Daily, April 20 Shipping stocks were generally under pressure. COSCO Shipping Energy (01138) fell 4.2%, closing at HK$17.26, COSCO Shipping Holdings (01919) dropped 2.2%, closing at HK$16.81, and Orient Overseas (00316) declined 1.3%, closing at HK$158.5.
The US Secretary of Energy stated that the Trump administration is authorizing the sale of some sanctioned oil tankers, planning to allow these vessels to become legally operational through refurbishment and approval procedures, to transport non-sanctioned crude oil. The US hopes to expand the available tanker fleet to alleviate transportation disruptions caused by the Iran conflict and blockage in the Strait of Hormuz.
Currently, the Hang Seng Index stands at 23,933, down 253 points or 1%, with main board turnover exceeding HK$53.1 billion. The Hang Seng China Enterprises Index stands at 8,060, down 68 points or 0.8%. The Hang Seng Tech Index stands at 4,035, down 72 points or 1.8%.
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The US Secretary of Energy stated that the Trump administration is authorizing the sale of some sanctioned oil tankers, planning to allow these vessels to become legally operational through refurbishment and approval procedures, to transport non-sanctioned crude oil. The US hopes to expand the available tanker fleet to alleviate transportation disruptions caused by the Iran conflict and blockage in the Strait of Hormuz.
Currently, the Hang Seng Index stands at 23,933, down 253 points or 1%, with main board turnover exceeding HK$53.1 billion. The Hang Seng China Enterprises Index stands at 8,060, down 68 points or 0.8%. The Hang Seng Tech Index stands at 4,035, down 72 points or 1.8%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| Orient Overseas (00316) | 158.5 | Down 1.31% |
| SITC International (01308) | 49.34 | Down 0.36% |
| China Merchants Port (00144) | 17.15 | Down 0.29% |
| COSCO Shipping Holdings (01919) | 16.81 | Down 2.21% |
| COSCO Shipping Ports (01199) | 6.395 | Down less than 0.1% |
| Pacific Basin Shipping (02343) | 3.775 | Up 0.4% |
| COSCO Shipping Energy (01138) | 17.26 | Down 4.16% |
| Sinotrans (00598) | 4.385 | Down 0.34% |
| Tianjin Port (03382) | 0.61 | Down 1.61% |
| COSCO Shipping Development (02866) | 0.88 | Down 0.56% |
