HK Stock Market Move | Pacific Shipping (02343) rose more than 4%, with no immediate impact on port fees between China and the United States. Institutions predict that its average daily income in the fourth quarter will further increase.

The Pacific Shipping (02343) rose more than 4%, rising 4.03% to 2.58 Hong Kong dollars, with a turnover of 22.9566 million Hong Kong dollars as of the time of writing. In terms of news, The Pacific Shipping recently announced that in the third quarter of 2025, the group's core business achieved daily average revenues of $11,680 and $13,410, respectively, from the timely leasing contracts of small handy and ultra handy bulk carriers, representing a decrease of 15% and an increase of 10% compared to the previous year, and an increase of 6% and 10% compared to the first half of the year. HSBC Global Research pointed out that the company usually lags behind in immediate rate increases, based on the lag effect of charter contracts and voyage execution. The bank had previously been cautious about potential excess capacity, but immediate rates rebounded due to resilience in small bulk trades, which increased by 4% year-on-year in the first three quarters of this year. Supply disruptions and slower ship speeds further offset the impact of fleet growth. The company's higher contract coverage in the fourth quarter means profits in the second half of the year will be stronger than in the first half. In addition, Huatai stated that with regards to the regulations on the mutual imposition of port fees between China and the U.S. that took effect on October 14, management indicated that currently, the company does not have 25% or more equity directly or indirectly held by entities or individuals from the U.S. or China. As management believes that the regulations do not apply to The Pacific Shipping, the company's operations are normal. Looking ahead to the fourth quarter, the bank believes that the trade friction between China and the U.S. and port fees may impact global shipping capacity deployment and port calls, causing supply chain disruption and pushing up market rates. The bank expects daily average revenues in the fourth quarter to further increase, maintaining a "buy" rating.