Shipping stocks declined collectively. As of press release, Dongfang Overseas International (00316) fell 5.4% to HK$108.7; Haifeng International (01308) fell 3.45% to HK$12.32; and COSCO Marine Holdings (01919) fell 3.36% to HK$7.76.
The Zhitong Finance App learned that shipping stocks were collectively lower. As of press release, Oriental Overseas International (00316) fell 5.4% to HK$108.7; Haifeng International (01308) fell 3.45% to HK$12.32; COSCO Marine Control (01919) fell 3.36% to HK$7.76; COSCO Marine (01138) fell 3.3% to HK$7.92; Pacific Shipping (02343) fell 2.6% to HK$2.25; COSCO HAIFA (02866) fell 2.47% to HK$2.25; COSCO HAIFA (02866) fell 2.47% to HK$2.47 HK$0.79.
According to the news, the Baltic Sea Dry Bulk Freight Price Index fell for the 7th consecutive trading day on Tuesday, trading near a four-month low due to lower freight rates for larger cape-type vessels. The Baltic Sea Dry Bulk Freight Price Index fell 36 points, or 2.7%, to 1,324 points, hitting its lowest level since mid-September. The cape-type shipping price index fell 101 points, or 5.4%, to 1,779 points, falling for the seventh consecutive trading day to its lowest level in four months.
Furthermore, the European shipping line fell by more than 7% today. SDIC Anxin Futures pointed out that as spot prices gradually peaked a few years ago, the focus of market transactions gradually shifted to the rate of subsequent rate declines and the April rate game. Looking ahead, as was the rule in previous years, the volume of goods in April will be lower than the current level, but supply chain instability may stimulate a certain demand for excess inventory replenishment, and the impact of supply-side detours on capacity is not yet fully evident. Against the backdrop of weak supply and demand, valuation differences will increase, compounded by disturbances caused by news of geographical conflicts. It is expected that the market will mainly fluctuate widely.