Cathay Pacific Haitong released a research report saying that the supply of finished tankers will be rigid in the next few years, and the continuation of the high boom is expected to exceed expectations, and it is recommended to increase holdings. The owners of finished tankers were the first to place orders in batches in 2023, and economic fluctuations in the following years affected the sustainability of orders. Currently, active orders for finished tankers account for 22%, which is still at a historically low level. Currently, over 20% of old ships are over 20 years old, and in the next three years, nearly 20% will be over 20 years old. Currently, on-hand orders only guarantee a stable capacity scale in the mainstream market for the next few years, and shipyard orders have been scheduled until after 2030, and tight platforms will guarantee the rigidity of the supply of refined oil products for the next few years. The restoration of trade and inventory replenishment in Asia will drive a rapid rise in the short-term boom in the transportation of refined oil products. The eastward relocation of global refineries and the accelerated restructuring of trade will ensure the sustainability of the medium to long term boom and provide double room for performance valuation.

Cathay Pacific Haitong released a research report saying that the supply of finished tankers will be rigid in the next few years, and the continuation of the high boom is expected to exceed expectations, and it is recommended to increase holdings. The owners of finished tankers were the first to place orders in batches in 2023, and economic fluctuations in the following years affected the sustainability of orders. Currently, active orders for finished tankers account for 22%, which is still at a historically low level. Currently, over 20% of old ships are over 20 years old, and in the next three years, nearly 20% will be over 20 years old. Currently, on-hand orders only guarantee a stable capacity scale in the mainstream market for the next few years, and shipyard orders have been scheduled until after 2030, and tight platforms will guarantee the rigidity of the supply of refined oil products for the next few years. The restoration of trade and inventory replenishment in Asia will drive a rapid rise in the short-term boom in the transportation of refined oil products. The eastward relocation of global refineries and the accelerated restructuring of trade will ensure the sustainability of the medium to long term boom and provide double room for performance valuation.