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  • Economics/pokerstarssportsbetting| Shipping concept stocks surged sharply, Phoenix Shipping rose daily, and COSCO Haikong rose more than 6%
pokerstarssportsbetting| Shipping concept stocks surged sharply, Phoenix Shipping rose daily, and COSCO Haikong rose more than 6%

2024-05-27 editor Views(23)

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The agency pointed out that consolidation shipping companies, multi-purpose shipping companies, freight forwarding companies, and container manufacturing companies in the shipping industry chain may benefit from the surge in freight rates.

On May 27, the shipping concept was active. As of press time, China Guangyuan Sea rose by more than 11%, Phoenix Shipping rose by more than 11%, Air China COSCO and COSCO Sea Control rose by more than 6%, and Ningbo COSCO and China Merchants Steamship followed suit.

According to CCTV Finance, recently, many shipping giants have issued announcements announcing increases in shipping prices, with many routes increasing by about US$1000 to US$2000. A relevant person in charge of a freight forwarding company said that sea freight prices on African routes have jumped by US$2,000 - 3,000 a week, and some positions need to be booked one month in advance.

pokerstarssportsbetting| Shipping concept stocks surged sharply, Phoenix Shipping rose daily, and COSCO Haikong rose more than 6%

CITIC Construction Investment pointed out that the Red Sea crisis continues, and freight rates on many routes such as the Asia-Europe and U.S. routes continue to rise. Due to market uncertainty caused by the Red Sea crisis and the recent increase in GRI by several shipping companies, shipping costs departing from Asia are rising. Although compared with the same period last year, the overall transportation capacity has remained stable except for the Asia-Europe route, but the transportation time has been extended due to the situation, the Asia-Europe route and the trans-Pacific route need to be deployed as ships need to detour through the Cape of Good Hope due to the situation, resulting in extended transportation times. More ships have caused expectations for tight space in the market.

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. European and American routes are greatly affected by supply and demand, and freight rates have risen sharply. In the future, they may be transmitted to near-ocean and domestic trade routes.pokerstarssportsbetting; Consolidated cargo may overflow into multi-purpose ships, driving up freight rates. Container freight forwarding companies have benefited from price increases, and under the comprehensive logistics service model, the profit per box is expected to increase.

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