HK Stock Market Move | Cssc Offshore & Marine Engineering (00317) rose more than 7%, second-hand ship prices surpassing new ship prices. Institutions say the shipbuilding sector is about to enter the right side.

Cssc Offshore & Marine Engineering (00317) rose more than 7%, as of the time of publication, it rose 6.69% to HKD 14.83, with a trading volume of HKD 1.02 billion. On the news front, according to the latest data from Clarkson Research, in October of this year, the global new ship order volume reached 2.91 million corrected gross tons (CGT), a 38% decrease from the same period last year's 4.71 million CGT. Among them, Chinese shipbuilding companies undertook orders for 98 vessels totaling 2.13 million CGT, with a global market share of 73%, ranking first. Shenwan Hongyuan Group released a research report stating that the trend of new ship prices and second-hand ship prices diverges, with second-hand ship prices surpassing new ship prices, and the shipping and shipbuilding interlinked super cycle market is expected to begin. By the end of 2024, the second-hand ship prices and new ship prices will peak and fall back, with the second-hand ship prices stabilizing and surpassing the high point before the 2024 retreat in 2025. In September 2025, the second-hand ship price index crossed above the new ship price index, looking back at history, since 2000, the second-hand ship price index has surpassed the new ship price index a total of four times, with three times leading to super cycle markets.