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Zhitong Financial App News, COSCO Shipping Holdings (01919) announced that on October 18, 2021, the company received notice from its controlling shareholder, China Ocean Shipping Group Co., Ltd. (hereinafter referred to as "COSCO Shipping Group"). Based on the confidence in the company's future development prospects and the recognition of the company's investment value, the company's A shares were increased by 7.9 million shares ("the first increase") through the Shanghai Stock Exchange trading system on October 18, 2021. Cosco Shipping Group or its subsidiaries plan to increase their holdings with their own funds within 6 months from the date of the first increase.
1. Global shipping seems to be starting a new Jugla cycle. BDI has created a 13-year high. 2. The sharp rise in shipping prices should be closely related to demand: 1) at present, the compound annualized growth rate of global imports and exports has increased significantly in the past two years, and the annualized growth rate in June this year has exceeded 6%. 2) but the speed of shipbuilding is slow, and from the known data (container ship capacity), the annual increase in capacity is only about 3%. 3. However, the surge in shipping prices is not entirely related to demand: 1) although the current global import and export volume / capacity is on the high side, it is not very high.
On October 18, COSCO Shipping Holdings announced that COSCO Shipping Group, the company's controlling shareholder, had increased its stake in COSCO Shipping Holdings (stock code: 601919.sh/01919.Hk) A shares by 7.9 million shares through the Shanghai Stock Exchange trading system, and announced plans to increase its holdings in the future. Based on the confidence in COSCO Shipping Holdings's future development prospects and the recognition of the investment value, Cosco Shipping Group plans to increase its holdings in COSCO Shipping Holdings A shares and H shares in the next 6 months, the total amount to be increased is not less than 1 billion yuan, and not more than 2 billion yuan (including this increase), and promises not to increase during the implementation period and within the legal time limit.
COSCO Shipping Holdings announced that on October 18, 2021, controlling shareholder Cosco Shipping Group Co., Ltd. increased its stake in the company by 7900000 shares through the Shanghai Stock Exchange trading system, accounting for about 0.049% of the company's total share capital at the end of the third quarter of 2021. After the completion of this increase, COSCO Shipping Group and its subsidiaries hold a total of 7260888703 A shares and 113925500 H shares, accounting for about 46.05 per cent of the company's total share capital by the end of the third quarter of 2021. It is understood that
According to the Securities Times, on October 15, Cosco's "American Direct passenger Express Line" successfully made its maiden voyage at Shengdong Wharf of Shanghai Yangshan Port, which is also the first batch of express service specifically aimed at direct customers of North American routes in the industry. The express line includes a group of five 4250TEU ships, the Prince Port Express (CEN-EXPRESS), and a group of six 10000TEU ships, the Los Angeles Express (CEN-PLUS), with a weekly frequency.
Why is the freight rate between the United States and the West being adjusted back? How will the shipping price go in the future? A number of industry experts and practitioners said that the price correction is a normal phenomenon, with the cyclical reduction of orders and the increase in shipping capacity, shipping prices may gradually return to a rational level.
Cosco Shipping Group signed a strategic cooperation agreement with Sinochem.
The sharp drop in shipping costs between China and the US is mainly due to the approach of the off-season, coupled with a decline in Chinese manufacturing capacity and the rush of "speculators" to sell hoarded spot space. Although spot freight has fallen, long-term freight has not changed, and the level of future shipping freight will depend on the gap between supply and demand.
With rising demand for goods and the collapse of global supply chains under the weight of the epidemic, freight rates are rising and the global shipping industry recorded its biggest daily gain since 2008.