Jinwu Financial News | Shipping stocks were improving overall, with COSCO Haifa (02866) up 2.53%, COSCO SHIPPING Ports (01199) up 2.37%, Haifeng International (01308) up 2.06%, COSCO HNA (01138) up 1.7%, Orient Overseas International (00316) up 1.13%, and COSCO Marine Holdings (01919) up 1.07%.
China Merchants Securities said that the impact of the geopolitical conflict in the Red Sea region continued, and freight rates in various markets were relatively strong during the holiday season. The situation in the Middle East region is still unclear, and the trend of major vessels on the Red Sea route still detour is still obvious. Looking ahead to the first quarter, the Red Sea incident will continue to affect tanker routes. It is expected that refineries will start construction after the holiday season, the industry will enter a peak season of short supply, and freight rates are expected to continue to be strong.