HK Stock Market Move | Cssc Offshore & Marine Engineering (00317) rises over 6% as the shipbuilding industry continues to boom, with the company's order backlog scheduled through 2030.

Cssc Offshore & Marine Engineering (00317) rose over 6%, up 6.08% as of press time, at HK$15.36, with a turnover of HK$45.7778 million. On the news front, newbuilding prices continued their upward trend in August, rising for five consecutive months. The newbuilding price index stood at 186.34 points in August, up 0.5% month-on-month. Earlier, Clarksons said in a report that 2026 is very likely to be a relatively strong year in the history of newbuilding contracting. From January to August, actual vessel orders reached 2,128 units and 59.7 million compensated gross tons, roughly in line with the record pace of 2007 and double the ten-year average. Cssc Offshore & Marine Engineering recently said at a results briefing that in the first half of 2026 it secured newbuilding orders for 55 vessels across 8 types, mainly container ships, with the order structure continuing to optimize, laying the foundation for an improvement in the overall gross margin. As the current order backlog is gradually built and delivered, the revenue share of container ships will increase accordingly, providing a positive boost to the company's future profitability. The delivery schedule for the company's order backlog has been booked through 2030, and the benefits generated by the current backlog will be gradually reflected in subsequent years.