The port and shipping sector once again defied the market downturn today, attracting significant attention.
As of the time of writing, SITC International Holdings Co., Ltd. (01308.HK) surged by over 5%, while T.S. Lines Limited (02510.HK) rose by more than 4%. Other stocks, including COSCO SHIPPING Development Co., Ltd. (02866.HK), Qingdao Port International Co., Ltd. (06198.HK), and COSCO SHIPPING Holdings Co., Ltd. (01919.HK), also followed suit with gains.
On the news front, due to concerns over the uncertainty of tariff risks, there has been a concentrated surge in demand for rush shipments in recent times, which has been beneficial for the shipping sector’s prosperity.
According to data from the Shanghai Shipping Exchange, as of June 9, 2025, the Shanghai Containerized Freight Index (SCFI) for the Europe route stood at 1,622.81 points, marking a 29.5% increase compared to the previous period.
Additionally, news from the Ningbo Shipping Exchange indicates that the South America East Coast route market experienced significant fluctuations last week: there was a substantial shortage of shipping capacity, leading to persistent tightness in cargo space and a continued rise in freight rates. The freight rate index for the South America East Coast route reached 2,324.2 points, up 43.7% from the previous week.
Furthermore, data from the General Administration of Customs show that China’s exports in May, valued in US dollars, increased by 4.8% YoY, continuing to demonstrate resilience.
In a research report issued on June 9, Guosheng Securities stated that while the decline in exports to the US widened in May, exports to the EU increased, and exports to emerging markets remained at a high level. Specifically, exports to ASEAN increased by 14.8% YoY, with exports to Vietnam surging by 22.0% YoY, reflecting a clear re-exporting trend.
Guosen Securities also noted that the resilience of exports in May was mainly driven by positive factors such as the marginal strengthening of exports to non-US countries and the upward trend in export growth rates for products like integrated circuits and automobiles, indicating improvements in both the geographical distribution of trade and the composition of exported products.
(Source)