智通财经网·2025-11-19 03:12Core Viewpoint - China Shipbuilding Defense (00317) saw a significant increase in stock price, rising over 7% and reaching HKD 14.83 with a trading volume of HKD 102 million, amidst a decline in global new ship orders [1] Group 1: Global Shipbuilding Market - In October, global new ship orders amounted to 2.91 million compensated gross tons (CGT), a 38% decrease from 4.71 million CGT in the same month last year [1] - Chinese shipyards secured 98 new ship orders totaling 2.13 million CGT, capturing a 73% share of the global market, leading the industry [1] Group 2: Price Trends and Market Outlook - According to a report from Shenwan Hongyuan, the new ship price index and the second-hand ship price index are diverging, with second-hand ship prices surpassing new ship prices [1] - A potential super cycle in the shipping and shipbuilding sector is anticipated, with second-hand ship prices expected to stabilize and exceed pre-2024 peak levels by September 2025 [1] - Historical data since 2000 shows that the second-hand ship price index has surpassed the new ship price index four times, with three instances leading to super cycle conditions [1]