COSCO Haineng (600026.SH) has increased ahead of schedule. The net profit for the first half year is expected to be 4.5 billion yuan, an increase of about 141% over the previous year

According to the Zhitong Finance App, COSCO Haineng (600026.SH) announced that it is expected to achieve net profit attributable to shareholders of listed companies for the first half year of 2026, an increase of about 2.6 billion yuan compared with the same period last year (after restatement), an increase of about 141% over the previous year.

From January to June 2026, the upward trend in the international oil transportation market continued to strengthen. The fundamentals of supply and demand in the global compliant oil transportation market remained tight, and rising industry concentration compounded geopolitical risk premiums further boosted the freight center. Freight rates for all ship types in the first half of 2026 were significantly higher than the same period in 2025. In response to changes in the supply structure caused by the blockage of navigation in the strait, the Group relied on the advantages of global ship site layout to dynamically adjust the operating routes of various ship types to adapt to the continuously changing international oil trade circulation pattern.