On June 3, COSCO Shipping Holdings fell 3.1% in regular trading, trading at 14.38 HKD/share, with trading volume of approximately 90.35 million HKD. The decline came after a strong 5.29% rebound on June 1, as the broader shipping sector reversed course with peers declining in tandem.
The pullback occurs against a backdrop of lingering supply-demand concerns. At the company's annual shareholder meeting, Vice President Qian Ming stated that 2026 is a light year for capacity delivery, with global container capacity deliveries of approximately 1.6 million TEU and estimated scrapping of 250,000 TEU, placing market supply-demand at a balanced but slightly loose level. Chief Accountant Pan Zhigang noted that the China Export Container Freight Index declined 16.32% year-over-year in Q1, reflecting market anxiety over future supply-demand dynamics. The company reported 2025 revenue of 219.5 billion yuan, down 6.14% year-over-year, with net profit also declining.
Within the Marine sector, OOIL fell 3.75%, SITC fell 2.13%, Pacific Basin fell 2.14%, TS Lines fell 1.9%, and LC Logistics was flat.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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