Oriental Overseas International (00316) fell by more than 4% in the afternoon. As of press release, it was down 4.15% to HK$94.65, with a turnover of HK$784.277 million.
The Zhitong Finance App learned that Dongfang Overseas International (00316) fell by more than 4% in the afternoon. As of press release, it was down 4.15% to HK$94.65, with a turnover of HK$784.277 million.
According to the news, Oriental Overseas International announced that total container shipping revenue for the first quarter decreased by 9.0% compared to the same period last year to US$1.98 billion; total cargo volume increased by 3.4%, carrying capacity increased by 2.2%; overall carrying rate increased by 0.9% compared to the same period in 2023, and the overall average revenue per TEU decreased by 12.0%.
Huatai Futures pointed out that the geographical side of the Middle East still faces great uncertainty, but if the risk does not expand again and does not affect the Indian Ocean or Mediterranean region, we expect the impact on the supply side of shipping will be relatively small. On the expected end of the price increase, Maersk raised GRI in May, but there is a big difference between the current prices of major liner companies and the expected price increases, so we need to pay attention to the final implementation situation.