---
title: "CITIC Securities: Optimistic about the leading container shipping companies COSCO Ship Hold, SITC, and Zhonggu Logistics"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279364451.md"
description: "CICC released a research report, pointing out that the Middle East conflict may lead to a decline in shipping efficiency and capacity loss, especially with rising freight rates on the Middle East/Indian subcontinent routes. Shipping companies have stopped accepting cargo due to the decrease in traffic through the Strait of Hormuz and may need to adjust their routes. Transshipment ports such as Singapore and Port Klang may experience congestion, affecting capacity. CICC is optimistic about COSCO Ship Hold, SITC, and Zhonggu Logistics due to their strong balance sheets and dividend yields"
datetime: "2026-03-17T03:37:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279364451.md)
  - [en](https://longbridge.com/en/news/279364451.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279364451.md)
---

# CITIC Securities: Optimistic about the leading container shipping companies COSCO Ship Hold, SITC, and Zhonggu Logistics

CICC published a research report indicating that if the Middle East conflict continues for a longer period, attention should be paid to potential efficiency declines and effective capacity losses, including adjustments in Middle East/Indian subcontinent shipping routes to absorb capacity. For example, the Far East - Middle East route is usually connected with Indian routes, and the combined Middle East/Indian subcontinent accounts for 15% of global capacity. Therefore, after the conflict, freight rates on Middle East routes have already seen continuous increases due to risks and fuel surcharges, which have also driven up rates on Indian routes. After a significant decrease in traffic through the Strait of Hormuz, many shipping companies have stopped accepting cargo destined for the Persian Gulf. Potential alternative solutions include rerouting from the Cape of Good Hope in Africa through the Suez Canal to ports in the Red Sea (such as Jeddah Port in Saudi Arabia), and then transporting by land into Gulf countries.

Secondly, attention should be paid to potential congestion at transshipment ports, as cargo originally destined for the Middle East Persian Gulf may be redirected to international transshipment ports due to route adjustments. Key ports to monitor for congestion include Singapore and Port Klang, as well as the subsequent impact on capacity.

Finally, the land transportation system and even the vessels themselves may be affected by fuel oil supply. CICC noted that if crude oil/refined oil trade in the Middle East continues to be disrupted, countries with high import dependence may experience rising gasoline and diesel prices or supply constraints, impacting the land truck transportation system. Additionally, a shortage of marine fuel could lead to reduced speeds for vessels, and of course, in such a scenario, global demand may also face a decline.

CICC, considering the strong balance sheets and dividend yields, is optimistic about global leader COSCO Shipping Holdings (01919.HK), regional leader SITC (01308.HK), and Zhonggu Logistics (603565.SH), which benefits from container ship rentals

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