According to the Wise News, Cosco Shipping Holdings (01919) rose nearly 4%, as of press time, up 3.99% at HKD 14.58 with a turnover of HKD 152 million.

On the news side, since June, the strong trend in shipping prices has once again ushered in a new round of increases. Top shipping companies such as Maersk, Dafeng, and Hapag-Lloyd have successively issued new notices on surcharges and price increases, involving routes in Europe, Africa, and the Middle East. According to Clarkson's forecast, affected by the detour via the Red Sea, 24 global shipping demand (ton-miles) is expected to increase by 12.8% year-on-year vs. ship supply growth of 9.8%. The current market demand growth is higher than the supply growth, resulting in a shortage of capacity and pushing up freight rates significantly.

The htsc research report pointed out that looking forward to the second half of the year, it is expected that the detour via the Red Sea will continue and the increase in transshipment volume caused by route adjustments will lead to a gradual occurrence of port congestion since May. In terms of demand, the third quarter will usher in the traditional peak season for Europe and the United States, and cargo volume will increase month-on-month, and freight rates are expected to further rise. In the medium and long term, it is expected that new ship deliveries will increase from 2023 to 2026, but the structural changes in the industry restructuring lead to a significant increase in new capacity in emerging markets, and ton-mile demand growth is expected to push up the industry's profit center.