Shipping stocks continued to fall in early trading, as of press time$Orient Overseas (00316.HK) $Drop by more than 3%$COSCO Shipping Holdings (01919.HK) $跌1.78%,$Cosco Haineng (01138.HK) $跌2.36%。
The second quarter China Shipping Prosperity report released by the Shanghai International Shipping Research Center shows that in the second quarter of 2022, China Shipping Prosperity Index was 105.74 points, down 6.5 points from the previous quarter, falling into a slightly prosperous range; China Shipping confidence Index was 128.43 points, down 7.33 from the previous quarter, maintaining a relatively prosperous range.
Zhou Dequan, director of the China Shipping Prosperity Index compilation Office, said that the global economy is facing greater downside risks, and the peak of the global shipping market is also coming to an end. Under this background, although there is a resumption of work and production after the epidemic in the third quarter, there are positive factors such as the traditional shipping peak season, but there is greater pressure on Chinese shipping companies to rebound in prosperity.
Edit / Jeffrey