Iran's new Strait of Hormuz rules boost shipping stocks; Zhonggu Logistics hits daily limit up

GeopoliticsCommodity Impact 4

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Summary · why it matters

Iran's Persian Gulf Maritime Authority announced on the 23rd that vessels violating navigation rules in the Strait of Hormuz will face restrictions such as fines, seizure, or confiscation. Cargo owners traveling to and from the Persian Gulf must check the authority's list of non-compliant vessels before chartering, and any vessel cooperating with a listed vessel will also be added to the list. Boosted by this news, the shipping sector bucked the market trend during trading. Zhonggu Logistics hit the daily limit up, Jinhang Shipping briefly approached the limit up, and COSCO Shipping Technology, Guohang Ocean Shipping, Ningbo Ocean Shipping, and Xintong Shares followed higher. As the US-Iran conflict has led to the closure of the Strait of Hormuz, a large number of ships cannot pass through the Strait of Hormuz and the Bab el-Mandeb Strait, causing traffic on other routes to surge and intensifying competition among vessels. Meanwhile, the Panama Canal Authority will limit the daily number of vessel transits starting in September. Zhonggu Logistics' 2025 annual report released on April 23 showed that the company achieved full-year operating revenue of 10.617 billion yuan, down 5.70 percent year on year, with net profit attributable to shareholders of 2.001 billion yuan, up 9.03 percent year on year, and non-GAAP net profit attributable to shareholders of 1.55 billion yuan, up 41.01 percent year on year.

Shanghai Zhonggu Logistics Co Ltd ▲