Announced on June 3,$Shipping and Ports (LIST1066.HK)$It was higher across the board in early trading and is now up 4.44%. As of press release,$COSCO SHIP HOLD (01919.HK)$Up 7.20% to HK$14.00;$COSCO SHIP DEV (02866.HK)$up 5.83% to HK$1.09;$OOIL (00316.HK)$Up 5.27% to HK$139.80;$SITC (01308.HK)$Up 4.50% to HK$20.90.

According to the news, the Red Sea crisis continues to ferment. The Houthis issued two statements on May 31 and June 1, claiming to have attacked the US aircraft carrier “USS Eisenhower”; the US Central Command claimed to have intercepted the Houthis missiles fired at US warships. Furthermore, the Linerlytica report shows that currently, a large number of ships are queuing up to dock outside Singapore Port, and the backlog of containers exceeds 450,000 TEU. According to estimates, these ships will face up to seven days of waiting in line.

Shen Wan Hongyuan pointed out that the market previously underestimated the loss of efficiency under the Red Sea bypass. Currently, the price increase is driven by supply and demand, not because shipping companies actively control capacity. Airlines are stepping up their overseas chartering efforts, and the rise in container ship rents can be verified. Short-term demand has exceeded expectations and has not been overdrawn during peak season demand. Supply chains are disrupted, and under the influence of the bullwhip effect, demand is likely to continue to exceed expectations. Furthermore, if the Red Sea detour continues until the EU-US long-term agreement signing season, it is not ruled out that profits will approach or exceed the level of the previous round.