---
title: "Market Insight | Shipping stocks generally weaken, spot freight rates accelerate decline, industry interim reports show overall growth slower than expected"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/213273671.md"
description: "Shipping stocks are generally weakening, with shares of Cosco Ship Hold, OOIL, and SITC all falling. The Shanghai Containerized Freight Index has dropped to 2963.38 points, breaking below 3000 points. The industry's mid-year report growth rate is lower than expected, but Cosco Ship Hold's Q2 performance is good. Guosen Securities believes that despite concerns about economic recession, expectations of interest rate cuts may benefit U.S.-China trade, so there is no need to be overly pessimistic in the short term"
datetime: "2024-09-03T06:46:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/213273671.md)
  - [en](https://longbridge.com/en/news/213273671.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/213273671.md)
---

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# Market Insight | Shipping stocks generally weaken, spot freight rates accelerate decline, industry interim reports show overall growth slower than expected

According to the information from the Wise Finance APP, shipping stocks are generally weakening. As of the time of publication, Cosco Ship Hold (01919) fell by 2.79% to HKD 10.44; OOIL (00316) fell by 2.38% to HKD 106.7; SITC (01308) fell by 1.93% to HKD 17.24; Cosco Ship Hold (02866) fell by 1.11% to HKD 0.89.

On the news front, on August 30th, the Shanghai Shipping Exchange released the Shanghai Export Container Comprehensive Freight Index at 2963.38 points, a 4.3% decrease from the previous period. Breaking below the 3000-point mark, freight rates fell to the level at the end of May. In particular, the European and Mediterranean routes suffered significant declines of 11.91% and 9.73% respectively. In addition, Maersk's third week of September quotation dropped to $5300/FEU; Mediterranean shipping's September voyage quotation dropped to around $5500/FEU.

Guosen Securities pointed out that the overall apparent growth rate of shipping companies in the interim report is lower than expected, but there are bright spots. In terms of container shipping, Cosco Ship Hold achieved rapid growth in Q2 performance. However, the bank expects that due to the delayed effects of revenue recognition and shipowner price increases, third-quarter performance may continue to maintain rapid growth. This week, only the US-West route saw a slight rebound, and the market remains concerned about economic recession overall. However, considering that the United States may soon see a faster rate cut and may have a stimulating effect on US trade volume, the bank believes that there is no need to be overly pessimistic in the short term

### 相關股票

- [OOIL (00316.HK)](https://longbridge.com/zh-HK/quote/00316.HK.md)
- [COSCO SHIP HOLD (01919.HK)](https://longbridge.com/zh-HK/quote/01919.HK.md)
- [SITC (01308.HK)](https://longbridge.com/zh-HK/quote/01308.HK.md)
- [Cosco Ship Hold (601919.CN)](https://longbridge.com/zh-HK/quote/601919.CN.md)

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