According to the news from the Wise News APP, Singamas Cont (00716) surged by more than 5%, and as of the release, it rose by 5.26% to HKD 1.00, with a turnover of HKD 12.385 million.

Recently, the price increases of logistics carriers have continued to land, and the upstream mainstream airlines are still raising their freight quotes for the next six weeks to Europe. As of June 24th, the total global container shipping capacity was 30.089 million TEUs, an increase of more than 10% year-on-year, and the capacity supply maintained a high-speed growth. Last week, the operating efficiency of major ports in Europe and the United States slightly declined, and the average time for ships to be in port and at anchor respectively rose by 9.2% and 3.0% compared to last week.

In addition, according to market media reports, the problem of port congestion and container stacking in Singapore still exists, and due to the limited throughput and operation capabilities of peripheral ports that can replace the main ports, the problem of congestion is difficult to improve significantly in the short term. Some industry insiders believe that it may be difficult to return to normal trade situation until 2024, and circumnavigation may continue until next year.