According to the Zhijun Finance APP, CSSC Offshore & Marine Engineering (00317) rose nearly 3%, and as of the release, it rose 2.56% to HKD 16.82 with a turnover of HKD 13.0948 million.

On the news front, at the performance briefing held at the end of May, China CSSC publicly stated that the shipbuilding industry has a clear cyclical nature. Looking forward to 2024, on the one hand, the global shipping industry is accelerating its green and low-carbon transformation, the trade pattern of marine transportation mainly for energy transportation is being rebuilt, the global high-quality shipbuilding production capacity is tightening, and it will provide favorable support for the new shipbuilding market.

It is reported that as the global ship market continues to stabilize and improve, the shipbuilding industry has entered a period of high prosperity. According to data previously released by the China Association of the National Shipbuilding Industry, the overall production guarantee coefficient of the industry has exceeded 3.5 years. The completion volume of China's shipbuilding will be around 45 million deadweight tons in 2024, and the newly signed order volume will be around 55 million deadweight tons. Clarkson predicts that the signing prosperity trend of the new shipbuilding market will continue this year.