Zhitong Finance APP learnedgcashbaccarat, shipping stocks collectively rose in early tradinggcashbaccarat, as of press time, Orient Overseas International (00316) rose 5.5gcashbaccarat.94%, reported at 139gcashbaccarat0.4 Hong Kong dollars; Pacific Shipping (02343) rose 4.38% to HK$2.86; COSCO Haikong (01919) rose 4.3% to HK$13.1; COSCO Haineng (01138) rose 2.8% to HK$11.
On the news front, the Houthi armed forces previously announced that they would continue to expand the scope of their attacks and that all ships heading for Israeli ports would be targeted. Shen Wanhongyuan said that the market had previously underestimated the persistence of the Hussain armed forces in the Red Sea and had insufficient expectations for the height and sustainability of freight rates.
In addition, CMA and Maersk issued price increase letters in June, and CMA's FAK offer rose to 3200/6000 after the shipping date on June 1 (up 500/1000 from the previous period). Maersk's FAK offer for post-June shipping is 2825/5500 (up 300/600 from the previous period). The Tianfeng Securities Research News pointed out that since late April, ships have been diverted, suspended, and blocked ports. The recovery of freight demand, peak seasons, and rush to transport have driven a sharp increase in freight rates. Freight forwarding companies and multi-purpose ships in the shipping industry chain may benefit.