HK Stock Market Move | The shipping stocks all rose, with European shipping stocks increasing by over 10% during trading. Geopolitical risks remain and may delay the resumption of navigation in the Red Sea.

All shipping stocks rose significantly. As of the time of writing, OOIL (00316) rose by 5.74%, trading at HKD 156.6; TS LINES (02510) increased by 5.13%, trading at HKD 10.14; SITC (01308) climbed by 3.68%, trading at HKD 42.28; COSCO Shipping Holdings (01919) went up by 3.23%, trading at HKD 15.99. On the news front, on Monday, the shipping index (Euro route) saw its main contract rise over 10% during the day. Reports indicate that the Houthis recently attacked the port of Mocha in Yemen and oil facilities in southern Saudi Arabia. Industry insiders point out that the recent announcements by Maersk and Hapag-Lloyd to resume Red Sea routes may be a significant factor putting pressure on the Euro route. However, the situation around the Red Sea still poses considerable risks, which could lead to re-routing at any time due to increasing threats. It is worth noting that Maersk showed strong performance in the second quarter due to robust market demand, rising spot freight rates, and comprehensive growth across various business segments. Based on the actual performance in the second quarter and a higher "visibility" regarding operations for the remaining period of the year, the company announced an upgrade to its annual performance guidance, projecting EBIT for 2026 to be between USD 4.5 billion and USD 6.5 billion, a substantial increase of 83% from the mean of USD 2 billion to USD 4 billion announced in June. The company anticipates a global container transportation market volume growth of about 4% for the entire year of 2026, with demand remaining strong.