On June 1, COSCO SHIPPING Holdings rose 3.46% in regular trading, trading at 14.73 HKD/share, with trading volume of 96.56 million HKD.

On the news front, the latest data from the Shanghai Shipping Exchange showed that the SCFI (Shanghai Containerized Freight Index) reached 2,571.73 points, surging 15.9% week-over-week, while the CCFI (China Containerized Freight Index) hit 1,366.76 points, up 3.7% weekly. Both major indices have now risen for four consecutive weeks, with freight rates across major ocean routes including Europe, North America, South America, and Australia-New Zealand all advancing simultaneously.

The broad-based rally in freight rates reflects tight effective capacity despite earlier market concerns about oversupply. Company management noted at a recent shareholder meeting that the current year is a low year for capacity deliveries, with approximately 1.6 million TEU in global container fleet deliveries and an estimated 25,000 TEU in scrapping. The company reported Q1 net profit of 5.877 billion yuan, and analysts expect Q2 results to benefit from the sustained freight rate recovery.

(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.)