TS LINES (02510) surged over 12% during intraday trading. As of press time, the stock was up 7.03% to HK$9.9, with turnover reaching HK$195 million.

On the news front, TS LINES will hold a board meeting on August 25 (next Monday) to approve its interim results. The company previously issued a profit alert, expecting first-half net profit of $180-200 million, representing a significant year-on-year increase of 220%-255%. The growth is primarily attributed to higher overall average freight rates, consistent with market trends, and increased charter rental income from a greater number of vessels leased out at higher rates.

Shenwan Hongyuan Securities previously noted that the emergence of the Twin Star Alliance will transform shipping routes from pendulum-style routes to hub-and-spoke routes, with increased demand for smaller vessels replacing the efficiency of large vessel trunk line transportation. Theoretically, one weekly European trunk line service could add 40 small container ships of 2,000 TEU capacity. The US 301 investigation's exemption for vessels under 4,000 TEU owned by non-Chinese shipowners highlights to some extent that the flexibility of smaller vessels may benefit from various market disruptions.