Group 1 - The shipping sector is experiencing a general decline, with notable drops in stock prices for companies such as Orient Overseas International (00316) down 3.72% to HKD 121.7, Seaspan Corporation (01308) down 2.93% to HKD 26.5, and China COSCO Shipping Corporation (01919) down 2.77% to HKD 13.34 [1] - Danish shipping giant Maersk announced on January 15 that it will resume navigation through the Red Sea and Suez Canal as the security situation in the region stabilizes, marking a significant step towards normalcy in the shipping industry after two years of disruptions caused by Houthi attacks on vessels [1] - Market analysts predict that the return of vessels to the shorter Suez route may exert downward pressure on freight rates, with HSBC Global Research estimating a 7% to 8% increase in capacity, leading to a projected decline in freight rates by 9% to 16% this year [1]