汇丰银行-全球航运业-shipping freight update container sustained gains from rate hikes-20170711-hsbc.pdfVIP

11 July 2017   Shipping Freight Update EQUITIES MARINE Container sustained gains from rate hikes Global  The Shanghai Containerised Freight Index slid 3% w-o-w but Parash Jain* had jumped 11% in the previous week on rate hikes Head of Transport Research, Asia-Pacific The Hongkong and Shanghai Banking Corporation Limited parashjain@.hk  Capesize remained a drag for dry bulk, down 31% w-o-w +852 2996 6717  Buy: Maersk and SITC; Reduce: Hapag-Lloyd and Yang Ming; Edward Stanford* Analyst Hold: COSCO Shipping, Evergreen, OOIL and Pacific Basin HSBC Bank plc edward.stanford@ +44 207 992 4207 The Shanghai Containerised Freight Index (SCFI) slid 3% w-o-w after jumping 11% Louis Pang* the previous week, driven by lower freight rates across all major trade lanes. Spot rates Associate