The Zhitong Finance App learned that China Shipbuilding Defense (00317) rose by more than 4%. As of press release, it had risen 4.24% to HK$14.75, with a turnover of HK$24.3397 million.

According to the news, new shipbuilding prices continued to rise in September of this year. By the end of September, Clarkson's new ship price index was 186.59 points, up 0.25 points from 186.34 points in August, and up 23% from 151.40 points five years ago in September 2021. Shen Wan Hongyuan believes that the performance of 26Q3 shipping companies is expected to continue to grow. Currently, orders confirming revenue are mainly signed during the upward phase of ship prices. Combining high-value-added ships such as large boxes and tankers, into the batch construction and delivery stage, the revenue and profit margins of shipping companies are still expected to continue to rise.

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