美银证券发表研究报告，指货柜航运现货价因中美日内瓦贸协而急升，未来两至四周料升幅更大。不过，该行认为这只是暂时的急剧挤压，主要局限于泛太平洋地区，而非更广泛的上升周期。除了需求挤压之外，不利因素亦包括关税、新船交付和潜在的红海重新开放。该行继续予长荣海运(2603.TT)及东方海外(00316.HK) 评级“跑输大市”，因估值偏高，并吁“买入”商船三井(9104.JP)，料泛太平洋地区费率上升支撑其明年3月底止现财年每股派息上行空间。
该行大幅调高今年平均货柜班轮预测，以计及近期费率飙升的因素，又将目标价平均调升18%，以计及近期盈利及账面值的提升。
美银证券对主要航运股投资评级及目标价表列如下：
股份｜投资评级｜目标价
日本邮船(9101.JP)｜中性｜4,700日圆-〉5,200日圆
商船三井(9104.JP)｜买入｜5,400日圆-〉5,800日圆
川崎汽船(9107.JP)｜中性｜2,100日圆-〉2,200日圆
中远海控(01919.HK) ｜中性｜10.5港元-〉14.7港元
东方海外(00316.HK) ｜跑输大市｜90港元-〉115港元
长荣海运(2603.TT)｜跑输大市｜195元新台币
(sl/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-05-30 16:25。)
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