Changes in Hong Kong stocks | Dexiang Shipping (02510) rose more than 4% at the end of the session, Red Sea routes may continue to contribute excess profits in the second half of the year

The Zhitong Finance App learned that Dexiang Shipping (02510) rose more than 4% at the end of the session. As of press release, it rose 4.23% to HK$14.06, with a turnover of HK$42.5611 million.

According to the news, on September 11, local time, the Houthis issued a statement saying that the Houthis launched large-scale military operations from various directions on September 3 with the goal of expelling Saudi armed forces assembled in parts of the western coast of Yemen. Regarding the safety of shipping in the Red Sea, the Houthis stated that currently sea navigation is safe for all companies' ships from various countries, with the exception of Saudi ships.

Shen Wan Hongyuan released a research report saying that Dexiang Shipping added Red Sea route services in the first half of the year, generating revenue of about US$13 million. Red Sea route freight rates rose sharply after June. As of August 21, the NCFI Red Sea route freight index rose to 4,546 points, an increase of 164% over the same period last year; the average value from the beginning of July to now has increased 76% from the average for the first half of the year. It is expected that the Red Sea route may continue to contribute excess profits to the company in the second half of the year.