On June 12, COSCO SHIPPING Holdings rose 3.11% in regular trading, trading at 14.26 HKD/share, with turnover of HKD 173 million. The stock rebounded from consecutive sessions of decline earlier in the week, as the broader marine sector recovered.
On the news front, global mainline container freight rates remain at elevated levels heading into peak season. Major carriers including Maersk, MSC, and ONE posted early June large-container quotes of USD 3,541–4,000, significantly above the late-May level of USD 2,850. SCFI US West Coast rates surged 31.55% to USD 4,149/FEU, while US East Coast rates rose 23.65% to USD 5,333/FEU. The market is characterized by a tight balance of high rates and scarce capacity, with carriers implementing blank sailings and slow steaming that reduce effective transpacific capacity by 20–25%. Industry reports indicate this supply-demand tightness is expected to persist through late June.
Within the Marine sector, stocks broadly moved higher, with LC Logistics up 36.18%, TS Lines up 2.2%, OOIL up 2.1%, SITC up 1.9%, and Pacific Basin up 1.32%.
(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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