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Electrification In The Maritime Industry, Challenges And Prospects
Chu Kong Ship (00560.HK) held a board of directors meeting on August 26 to consider and pass the mid-term performance.
Chu Kong Shipping (00560.HK) announced that the Board of Directors meeting will be held on Monday, August 26, 2024 at 11:00 am on the fifth floor of Chu Kong Shipping Building, 143 Connaught Road Central, Hong Kong. Agenda items include: (1) Consideration and approval of the interim report and interim performance announcement of the company for the six months ended June 30, 2024; and (2) Consideration of the distribution of interim dividends (if any) from January 1, 2024 to June 30, 2024.
Hong Kong stock concept tracking | Red sea situation escalates again! Institutions: global marine transportation companies with European business will benefit significantly. (Attached with concept stocks)
Considering the current situation of long-term contract signing and the possibility of further tightening of marine transportation capacity, it is expected that global marine transportation companies with European business will significantly benefit and their performance is expected to improve in 2024.
Guolian Securities: Marine transportation costs have risen sharply from the beginning of the year to now. Enterprises with a high FOB proportion are worth paying attention to.
Since 2024, marine transportation fees have increased significantly, and as a result, the market is more concerned about the short-term profit performance of export companies.
Guolian Securities: How much impact will the significant increase in marine transportation fees have on export categories?
Guolian Securities believes that companies with a higher proportion of FOB, a larger proportion of production capacity transferred overseas, and a higher unit volume value are less affected by the rise in freight rates.
GTJA: Differentiated market impact on shipping, short-term freight rates fall without changing the medium-term upward trend.
The recent expected changes in oil prices are affecting trade pace. The short-term freight rates are expected to fall temporarily but the medium-term trend is still upward. In the second half of the year, the marginal impact of Middle East production cuts will weaken, and the rigidity of supply during the peak season will be highlighted. The economy is expected to improve and performance is expected to grow.
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