As of June 14th, shipping stocks in the Hong Kong stock market rose against the trend. COSCO Shipping Ports rose by over 5%, while Sitc, Cosco Shipping Development and Cosco Shipping Holdings all rose by over 2%. China Merchants Port, Liaoning Port, OOIL, Sinotrans Limited, and Qingdao Port International all rose by more than 1%. On the news side, Maersk increased its rates for the Asia-European shipping lane. Its Freight of All Kinds (FAK) rate will be raised to $5000 and $9000 per 20ft and 40ft standard container respectively from July 1st, up by $1675 and $2500 respectively compared to previous levels.
港股异动丨马士基亚欧航线加价，航运股逆势上涨
HK stocks surged, with shipping stocks rising against the trend as Maersk increased prices on the Asia-Europe route.
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