Zhi Tong Cai Jing·2026-02-05 01:39Group 1 - China Shipbuilding Defense (中船防务) shares rose nearly 3%, currently up 1.91% at HKD 14.97, with a trading volume of HKD 3.4215 million [1] - The company announced a contract with EVERGREEN MARINE (ASIA) PTE. LTD. for the construction of 16 feeder container ships, with a total contract value ranging from approximately USD 736 million to USD 896 million [1] - According to Zheshang Securities, the shipyard capacity is nearing saturation, but the number of active shipyards and delivery volumes have significantly decreased compared to the previous cycle, leading to a tight supply-demand situation that may drive ship prices higher [1] Group 2 - The tightening supply, difficulties in expansion, along with the ship replacement cycle and environmental policies, are expected to sustain high ship prices, indicating a potential upward trend in the shipbuilding cycle [1]