On June 5, COSCO Shipping Holdings rose 3.27% in regular trading, trading at 14.81 HKD/share, with trading volume of 87.21 million HKD.

On the news front, global container shipping rates have been surging amid multiple supportive factors. The SCFI (Shanghai Containerized Freight Index) recently reached 2,571.73 points with a weekly gain of 15.9%, while the CCFI hit 1,366.76 points with a weekly gain of 3.7%, marking four consecutive weeks of increases across all major ocean routes including Europe, North America, South America, and Australasia. Disruptions at the Strait of Hormuz have driven bunker fuel costs up nearly 70%, with carriers passing costs through to shippers. Additionally, COSCO Shipping has announced a new GRI effective July 1, raising rates on Far East to US-Canada routes by up to 3,000 USD per 40-foot container, with market analysts projecting SCFI could approach 3,800 points by late July.

Within the Marine sector, peers also posted gains, with OOIL up 4.0%, SITC up 1.91%, TS Lines up 2.01%, LC Logistics up 6.22%, and Pacific Basin up 0.63%.

(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.)