Zhitong Financial APP learned that maritime stocks were lower in late trading. As of press time, COSCO Shipping Holdings (01919) fell 5.47% to HK $14.18, Pacific Shipping (02343) fell 4.28% to HK $2.91, SITC International Holdings (01308) fell 3.72% to HK $29.8, and COSCO Haifa (02866) fell 2.74% to HK $1.42.
On the news side, the Baltic dry bulk index fell for the eighth consecutive day and hit its lowest level since mid-April. The Baltic dry bulk index fell 8 points, or 0.34%, to 2371, the lowest since April 15. The capesize index rose 80 points, or 2.93%, to 2807, stopping eight consecutive trading days of decline. Average daily profit for capesize ships rose $670 to $22283. The Panamanian shipping index fell 88 points, or 3.6%, to 2356, an one-month low. Average daily profit for Panamanian ships fell $790 to $21204. The index of super-convenient ships fell 33 points, or 1.34%, to 2436, the lowest in more than two weeks.