On June 9, Orient Overseas International fell 3.97% in regular trading, trading at HK$135.5/share, with trading volume of HK$259 million. The marine sector saw widespread weakness, with the stock extending losses from the prior session.

On the news front, the Baltic Dry Index (BDI) declined for seven consecutive days to 2,916 points, its lowest level since early May, recording a weekly drop of 7.5%. The Cape-size freight index fell 3.56% alone, reflecting weakened demand for bulk commodity shipping. Meanwhile, container shipping sentiment deteriorated further after CMA CGM announced sharp cuts to June return-voyage freight rates, slashing prices to as low as $145 per container — approximately 4% of outbound rates. The container shipping Europe-route futures contract plunged as much as 4% intraday, directly transmitting bearish sentiment to equity markets.

Within the Marine sector, COSCO Shipping Holdings fell 2.28%, SITC fell 2.78%, Pacific Basin fell 2.04%, TS Lines fell 2.21%, and LC Logistics fell 2.88%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)