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Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
Rizhao Port Jurong Hires Rizhao Port Group for Construction Management Services for Warehouse Project
Rizhao Port JR (06117.HK) has entered into a construction agency contract with Rizhao Port Co., Ltd.
On September 20, Gelonhui announced that on September 20, 2024, the company entered into a construction agency contract with Rizhao Port Jr., under which the company agreed to appoint Rizhao Port Jr. to provide construction management services for the No. 8 warehouse project. Rizhao Port Jr. will provide the company with construction management services for the No. 8 warehouse project, including engineering tender management; quality, progress, safety, eco-friendly concept, investment control, contract management during the engineering implementation phase; final settlement and completion acceptance management. The company shall pay RMB 3,223,400 to Rizhao Port Jr. for the management services.
Express News | Rizhao Port Jurong Co Ltd - Co Shall Pay Management Service Fee to Rizhao Port Group RMB3.2 Mln
Express News | Rizhao Port Jurong Co Ltd - Construction Agent Contract
RIZHAO PORT JR: 2024 INTERIM REPORT
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