Understanding the Market | Shipping Stocks Rise Broadly in Early Trading, with Main Contracts for European Shipping Lines Surging Over 10% at One Point; Institutions Say Market Peak Season Expectations Remain Strong

Shipping stocks rose broadly in the morning session, with Yang Ming Marine Transport up 6.03%, SITC up 2.46%, OOIL up 1.42%, and COSCO SHIP HOLD up 0.96%. Institutional analysis indicates that expectations for the market's peak season are strong, and price increases have already begun. Although spot freight rates for container shipping are rapidly declining, they remain higher than the same period last year. Future demand is supported by interest rate cuts in the U.S. and a rebound in consumer confidence in Europe, with expectations that restocking demand in Europe and the U.S. will continue next year. On the supply side, the global container fleet's capacity growth rate is expected to reach 10.2%, but the volume of new contracts signed is lower than in the previous two years, which may slow down future capacity deployment