Shipping stocks rose in the afternoon. As of press release, Dongfang Overseas International (00316) rose 4.55% to HK$97.75; Haifeng International (01308) rose 2.24% to HK$14.62; and COSCO Marine Holdings (01919) rose 2.07% to HK$8.4.
The Zhitong Finance App learned that shipping stocks rose in the afternoon. As of press release, Dongfang Overseas International (00316) rose 4.55% to HK$97.75; Haifeng International (01308) rose 2.24% to HK$14.62; and COSCO Marine Holdings (01919) rose 2.07% to HK$8.4.
According to the news, the main contract for shipping on the European route closed up nearly 9% today to 2042.5 points. Guotai Junan Futures pointed out that considering that April coincides with some annual contracts and a long signing period for the second quarter, liner companies are more willing to raise prices, supported by supply-side capacity contraction, and spot prices may remain stable in April.
Yide Futures said earlier that due to previous increases in European route fares in early April, market spot booking rates rebounded after continuous adjustments. After trading on Friday (March 29), the Shanghai Port export freight rate to the basic European port market announced by the Shanghai Shipping Exchange reported 1994 US dollars/TEU, up 2.62% month-on-month from the previous period. This is also the first time it has stopped falling and rebounded after 9 consecutive weeks of correction.