SITC(HK:01308) 智通财经网·2025-05-07 01:23Group 1 - Company achieved revenue of $639 million in Q1 2025, representing a year-on-year increase of 43.8% but a quarter-on-quarter decrease of 21.3% [2] - Container shipping volume reached 795,387 TEU in Q1 2025, up 6.8% year-on-year but down 22.0% quarter-on-quarter [2] - Average freight rate (excluding slot exchange revenue) was $803.5, reflecting a year-on-year increase of 34.7% and a quarter-on-quarter increase of 0.9% [2] Group 2 - The small vessel market is expected to face tighter supply, with a projected growth rate of 1.2% in 2025 and a decline of 2.0% in 2026 for vessels under 3,000 TEU [3] - Concerns exist regarding potential tariff impacts on cargo volume and freight rates, which may lead to some capacity shifting to the Asian market [3] - The demand for small vessels is expected to increase due to U.S. tariff exemptions for vessels under 4,000 TEU and increased transshipment trade through Mexico [3] Group 3 - The trend of industrial transfer is likely to accelerate under U.S. tariff policies, with cargo volume in the Asian region expected to grow by 3.2% in 2025 and 3.0% in 2026 [4] - Trade between China and ASEAN countries, as well as between Japan and Southeast Asian nations, is projected to continue growing, with import and export growth rates of 7.1% and 9.5% respectively in the first quarter of 2025 [4] - The ongoing industrial transfer from China to Southeast Asian countries is anticipated to further boost economic growth in those regions, supporting stable cargo volume growth in Asia [4]