Pacific Shipping (02343) rose more than 5%. As of press release, it rose 4.68% to HK$2.46, with a turnover of HK$4.553,800.
The Zhitong Finance App learned that Pacific Shipping (02343) rose by more than 5%. As of press release, it had risen 4.68% to HK$2.46, with a turnover of HK$4.553,800.
According to the news, the Baltic Sea dry bulk freight price index rose on Wednesday due to rising freight rates for all types of ships. The Baltic Dry Bulk Freight Price Index rose 65 points, or 3.7%, to 1,844 points. Among them, the cape-type shipping price index rose 129 points, or 4.9%, to 2,760 points, the highest level since March 26.
Everbright Securities pointed out that dry bulk freight rates rose and declined in March, mainly due to the rapid rise in short-term freight rates due to the resumption of work and production after the Spring Festival holiday. As this factor subsided, freight rates also declined. Furthermore, after the active iron ore delivery market in Brazil and Ukraine ended, the supply and demand relationship gradually stabilized, and the market gradually returned to normal after short-term mismatches between supply and demand. The bank pointed out that the rise and fall in freight rates in March is in line with expectations. In the long run, the growth rate of dry bulk shipping capacity is low, but there is still uncertainty about dry bulk transportation demand against the backdrop of weak global macroeconomics.