招商南油：成品油运景气持续周期红利或将回报股东

华源证券2024-12-19

投资要点：远东成品油运输佼佼者。招商南油是以油品运输为核心业务的航运公司，具备“油化气协同、内外贸兼营、江海洋直达、差异化发展”的业务格局。公司实行“专业化、差异化、领先化”的发展战略，外贸成品油运输业务规模位居远东第一，内贸原油运输业务规模位居国内第二，化学品运力规模位居国内前列，乙烯运输业务为国内独家经营。供给紧张支撑成品油运景气持续。需求端：地缘冲突导致航线重构，刺激成品油运输需求。红海绕行...

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招商南油：成品油运景气持续 周期红利或将回报股东

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招商南油：成品油运景气持续周期红利或将回报股东