According to the Zhitong Finance APP, shipping stocks are generally weak. As of the time of publication, cosco shipping holdings (01919) fell 2.79%, closing at HKD 10.44; OOIL (00316) fell 2.38%, closing at HKD 106.7; SITC (01308) fell 1.93%, closing at HKD 17.24; COSCO Shipping Development (02866) fell 1.11%, closing at HKD 0.89.

On the news front, on August 30, the Shanghai Shipping Exchange released the Shanghai Export Container Comprehensive Freight Index, which was 2963.38 points, a decrease of 4.3% compared to the previous period. It broke the 3000-point mark and fell back to the level at the end of May. Among them, the European and Mediterranean routes suffered heavy blows, with sharp declines of 11.91% and 9.73% respectively. In addition, Maersk's third week of September quotes fell to $5300/FEU; Mediterranean shipping in September's freight rates fell to around $5500/FEU.

Guosen Securities pointed out that the overall apparent growth rate of shipping companies in the interim report was lower than expected, but there are still bright spots. In terms of chartering, cosco shipping holdings achieved rapid growth in Q2 performance, but the bank expects that due to the delayed effect of revenue recognition and shipowners' price increases, Q3 performance is expected to continue to maintain rapid growth. This week, only the US West Coast route has rebounded slightly, and the market as a whole is still concerned about economic recession. However, considering that the US may welcome rate cuts faster, which may have a pulling effect on trade volume on the US route, the bank believes that there is no need to be overly pessimistic in the short term.