COSCO SHIP HOLD's stock price surged 5.08% during the trading session on Monday, reflecting strong investor sentiment.

The rally is driven by a broad-based increase in container shipping freight rates. According to the latest data, the Shanghai Containerized Freight Index (SCFI) jumped 15.9% week-over-week, while the China Containerized Freight Index (CCFI) rose 3.7% weekly. Both indices have now climbed for four consecutive weeks, with rates advancing simultaneously across major routes including Europe, North America, South America, and Australia-New Zealand.

This freight rate recovery indicates tight effective capacity in the market, alleviating earlier oversupply concerns. Company management has highlighted that the current year is a low period for new capacity deliveries, with limited global fleet expansion. Furthermore, COSCO SHIP HOLD reported a robust first-quarter net profit, and analysts anticipate second-quarter results will benefit from the sustained freight rate improvement.