Increasing freight rates boosted share prices of South Korean shippers, led by HMM Co., with investors seeing improved earnings down the road.
On Friday, the Shanghai Containerized Freight Index reached 1,664.56, surpassing the previous record of 1,583.18 posted in July 2010.
Shares of No. 1 shipper HMM went up 15.12 percent to 11,800 won while those of bulk carrier Korea Line jumped 29.75 percent to 2,115 won.
Pan Ocean, another bulk carrier, also had its shares prices surging 14.78 percent to 4,000 won, while and KSS Line's rose 5.07 percent to 10,150 won.
Freight rates of South Korean shipping companies are expected to rise more next year with less competition from global shippers who have cut down on business due to the pandemic.
Industry watchers added that South Korean shippers would benefit from growing demand to be triggered y the year-end shopping season in the US.


South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 



