On June 15, COSCO Shipping Holdings rose 4.95% in regular trading, trading at 14.4 HKD/share, with turnover of HKD 204 million.
On the news front, the Shanghai Shipping Exchange released data indicating that the export container shipping market remains stable with an upward trend, and ocean route freight rates continue to rise. MSC, Maersk, and CMA CGM have collectively announced freight rate increases effective in July. The Drewry World Container Index (WCI) has posted consecutive weekly gains as the traditional peak season launches earlier than expected and the ongoing Red Sea crisis continues to disrupt global capacity deployment, pushing major East-West trade lane rates higher.
Within the Marine sector, the overall tone was positive. Among individual stocks, LC Logistics up 5.08%, SITC up 2.67%, Pacific Basin up 1.94%, TS Lines up 1.79%, OOIL up 1.38%.
(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.)
Comments