Changes in Hong Kong stocks | Shipping stocks collectively rise, Maersk raised emergency fuel surcharges to 20%, and expectations that freight rates will stabilize after the holiday season heats up

The Zhitong Finance App learned that shipping stocks rose collectively. As of press release, Dongfang Overseas International (00316) rose 4.23% to HK$152.7; COSCO Marine (01919) rose 2.61% to HK$17.31; Dexiang Shipping (02510) rose 2.08% to HK$13.72; and Haifeng International (01308) rose 0.93% to HK$49.96.

According to the news, shipping giant Maersk announced that it will raise the emergency fuel surcharge (EFS) to 20% starting October 12. As fuel costs rise due to the ongoing conflict in the Middle East, we are sorry to make the difficult decision to increase the Emergency Fuel Surcharge (EFS) for all export pickup and import delivery operations.

Shenyin Wanguo Futures said that before the holiday, a number of shipping companies issued post-holiday price increase notices. Most of the letters announcing the increase indicated that the freight rate for large containers has increased to between 4,000 and 4,500 US dollars since October 19, and expectations that freight rates will stabilize after the holiday season are heating up. MSC further lowered the price for the first half of October, but the price for newly opened large cabinets in the 43rd week was 3,840 US dollars, up 700 US dollars from the previous month, and the freight rate stabilized and entered the actual stage in late October.