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China Merchants Energy Shipping's (SHSE:601872) 16% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period
China Merchants Energy Shipping's Second Aframax Tanker Arrives; Shares Up 3%
China Merchants Energy Shipping (601872.SH): Delivery of new AFRAMAX oil tanker.
On September 29, Gleonhui disclosed that on September 28, 2024, China Merchants Energy Shipping (601872.SH) acquired a 0.115 million deadweight tons Afra-type (Aframax) oil tanker Kaihe under its wholly-owned single ship subsidiary in Dalian shipyard. The vessel is the second of the 5 Aframax oil tankers ordered by the company for the years 2021-2023. It is a new generation environmentally friendly and energy-saving oil tanker equipped with desulfurization scrubber tower. After delivery, the Kaihe will be deployed in the Western (Americas) market. The successive delivery and operation of this series of vessels will optimize the company's tanker fleet's ship type and age structure, strengthening the Aframax fleet.
gtja: Saudi Arabia may increase production within the year, reaffirming that crude oil production increases will be bullish for oil shipping.
Overseas media reported that Saudi Arabia may increase production within the year, which will catalyze significant changes in the market's outlook on OPEC+ production strategy and expectations for crude oil production growth. It is reiterated that an increase in crude oil production will be bullish for oil shipping.
Could The Market Be Wrong About China Merchants Energy Shipping Co., Ltd. (SHSE:601872) Given Its Attractive Financial Prospects?
gtja: The willingness for capital expenditure on ship large-scaleization continues, and the top enterprises may continue to place orders for large ships within the year.
Considering the sustained capital expenditure willingness of integrated shipping companies based on the ship's large-scale development, head enterprises may continue to place orders for large ships in 2024. In contrast to the previous cycle, it is expected that the capacity constraint of the shipbuilding industry in this cycle will be better than the previous cycle, and shipyard shortage and high ship prices will be sustainable in the coming years.
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