Zhitong Financial APP learned that the decline in shipping stocks accelerated in late trading. As of press time, SITC International Holdings (01308) fell 4.86% to HK $15.26; Orient Overseas (00316) fell 4.63% to HK $140.1; Pacific Shipping (02343) fell 4.41% to HK $2.82; COSCO Shipping Holdings (01919) fell 3.87% to HK $9.19.

On the news side, data released by Descartes Datamyne, a research firm, showed that maritime container shipments from Asia to the US fell 1 per cent in August from a year earlier to 1.796661 million, the first year-on-year decline in 26 months.

Founder mid-term futures report said that from the supply side of transport capacity, global container capacity grew by 3.9% in the third quarter compared with the same period last year, which was in the middle level in the last seven years. Due to sluggish demand, the idle capacity rate reached a peak in nearly five years. The bank believes that the fourth quarter of the global collection market is still not optimistic, there will be a sluggish peak season, freight rates will fall further. The freight rate in the fourth quarter is certainly much lower than that in the same period last year, or even lower than in the third quarter of this year. The spot freight rate will be further weakened next year, and the price of the long-term Association will also be greatly reduced next year.