HK Stock Market Move | TS Lines (02510) fell by nearly 4%, with first-quarter revenue decreasing by 11.48% year-on-year to 288 million US dollars.

TS LINES (02510) fell nearly 4%, as of the time of writing, it fell 3.91% to 8.12 Hong Kong dollars, with a turnover of 16.0171 million Hong Kong dollars. On the news front, TS LINES announced last night that for the three months ended March 31, 2026, the revenue was $288 million, a decrease of 11.48% year-on-year; the shipping volume was 396,900 TEUs, an increase of 3.3% year-on-year. Additionally, TS LINES disclosed that on April 29, the company entered into a new ship lease agreement with Desheng Shipping for the period from May 1, 2026 to December 31, 2028. Since Cross Strait Holding (a wholly-owned subsidiary of Desheng Shipping, and therefore part of the TEH group) has been included in the new ship lease agreement, the ship lease agreement for 2024 will terminate on May 1, 2026, and be replaced by the new ship lease agreement.