HK Stock Market Move | Liaoning Port (02880) rose by over 5%. The grain transportation volume at Liaoning Port Group's Dalian Port Bulk Grain Terminal has increased significantly, with a nearly 40% growth in cargo throughput for the year.

Liaoning Port (02880) rose more than 5%, rising 4.35% as of the time of writing, at 0.96 Hong Kong dollars, with a turnover of 1.13 billion Hong Kong dollars. On the news front, according to China Securities Network, recently, a reporter learned from the Liaoning Port Group that as an important sea channel for grain transportation in the northeastern region, the Liaoning Port Group Dalian Port Bulk Grain Terminal has innovated its model to promote synergy and actively broaden the grain channel, achieving a simultaneous increase in grain transportation efficiency. Up to now this year, the Dalian Port Bulk Grain Terminal has completed a nearly 40% year-on-year increase in cargo throughput volume, with the domestic corn throughput volume increasing more than 6 times. It is reported that taking advantage of the recovery of the domestic corn market, the Dalian Port Bulk Grain Terminal has expanded its open-top container shipping business model, streamlined grain operation processes, effectively improving grain turnover efficiency, and attracting a large number of goods to the port. It is reported that during the disclosure of the mid-year report, Liaoning Port stated that the substantial growth in performance in the first half of the year was mainly due to increased revenue from oil products and container business, increased investment income from joint ventures, and the recovery of long-term loans resulting in the reversal of credit impairment losses. In addition, with regard to the impact of the mutual imposition of port fees between the US and China on shipping, Huatai stated that in the short term, shipping companies may reallocate global ship deployments and port calls to reduce related costs, causing disruptions in the supply chain and pushing up freight rates. In terms of oil transportation and bulk cargo, the industry is expected to benefit from the increasing port fees being passed on to customers. If port fees continue to be levied, it will systematically raise the global oil transportation and bulk cargo freight price center.