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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.
OCEAN LINE PORT: 2024 Interim Report
Ocean line port (08502) released its interim results. Shareholders' attributable surplus decreased by 6.8% to 31.336 million yuan year-on-year.
Ocean line port (08502) announced the performance of the first six months of the financial year ending on June 30, 2024, during which the group achieved revenue...
OCEAN LINE PORT: INTERIM RESULTS ANNOUNCEMENT FOR THESIX MONTHS ENDED 30 JUNE 2024
Hong Kong stock concept tracking | Red sea situation escalates again! Institutions: global marine transportation companies with European business will benefit significantly. (Attached with concept stocks)
Considering the current situation of long-term contract signing and the possibility of further tightening of marine transportation capacity, it is expected that global marine transportation companies with European business will significantly benefit and their performance is expected to improve in 2024.
Has the turning point of the sharp decline in air freight rates arrived? Insiders said that the availability of European consolidated air cargo spaces is still slightly tight and there may be variables in the peak season for air transportation.
① A freight forwarder told reporters that the European route is slightly tight, while other routes have started to experience shortages, and some agents have said that the American route is still difficult to book. ② This week's shipping index (European route) futures fell sharply for the next month. Data shows that the freight rates from Shanghai to Rotterdam are still rising, while the American route is declining. ③ As for air transportation, the industry said there may be variables in the peak season, and the shipping volumes of e-commerce companies need to be observed.
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