Core Viewpoint - Hong Kong Ferry (Group) Limited's stock reached a new high of 4.930 HKD, reflecting a 1.65% increase from the previous trading day, indicating positive market sentiment and potential growth in the company's valuation [1] Company Overview - Hong Kong Ferry (Group) Limited was established in 1923 and has a long-standing history in Hong Kong. The company underwent a restructuring in 1989, changing its holding company name to "Hong Kong Ferry (Group) Limited" [1] - The primary business activities of the group include property development and investment, ferry services, shipbuilding, and related businesses. The company currently employs approximately 210 staff members [1] - In response to the future potential of healthcare, Hong Kong Ferry Group launched specialized medical and beauty services in 2022 as part of its diversification strategy [1] Financial Performance - As of August 8, the stock price reached 4.930 HKD, with a peak intraday price also at this level, marking a new high for nearly a year [1] - The net capital inflow for the day was 712,500 HKD, indicating positive investor interest despite unspecified outflows [1]

Core Viewpoint - The article discusses the impact of the Trump administration's tariff policies on Canada and its subsequent shift in focus towards China, highlighting the complexities and contradictions in Canada's trade policies and its reliance on the U.S. market [1][5][7]. Group 1: Tariff Policies and Economic Impact - The Trump administration imposed a 50% tariff on steel and aluminum imports, significantly affecting Canada as the largest importer of these materials from the U.S. [1] - In 2022, nearly half of Canada's steel imports came from the U.S., while 91% of its steel exports were sent to the U.S., indicating a high dependency on the American market [1][3]. - Canada is preparing to impose a 35% tariff on U.S. imports after August 1, reflecting its struggle to negotiate the removal of tariffs with the U.S. [1][3]. Group 2: Canada's Response to China - The Canadian government, led by Carney, plans to impose a 50% tariff on steel exports from countries without a free trade agreement with Canada, including China, if their export levels exceed 2024 figures [3]. - Additionally, a 25% tariff will be applied to all steel products from countries outside the U.S., including China, due to concerns over potential surges in cheap steel imports [3]. - Carney's rationale for these tariffs is based on fears of Chinese steel flooding the Canadian market due to U.S. tariffs, although this reasoning has been criticized as a misrepresentation of the "overcapacity" narrative [3][5]. Group 3: Contradictions in Trade Policy - Canada's trade policy appears contradictory, as it criticizes "Chinese manufacturing" while benefiting from trade with China, such as in the case of a British Columbia ferry company purchasing vessels from Chinese manufacturers [5][7]. - The Canadian government faces internal conflicts regarding support for domestic industries versus engaging in trade with China, highlighting the complexities of its trade relationships [5][7]. - The article emphasizes that Canada should reconsider its reliance on the U.S. and seek diversified partnerships rather than escalating tensions with China [5][8].

Group 1 - The new shipbuilding market is experiencing a slowdown in 2025 after several years of strong performance, exacerbated by geopolitical uncertainties [1][2] - According to Clarkson Research, global new ship orders have decreased by 54% year-on-year, with new ship prices dropping by 1% [2] - Chinese shipyards still hold a significant share of the global new ship orders, although their market share has declined from 70% in 2024 to 52% [2][3] Group 2 - In 2024, the global new ship order volume reached its highest level in 17 years, with 2,390 new ships ordered totaling 170 million deadweight tons [3] - The shipping market is facing cautious sentiment due to geopolitical uncertainties and tightening shipyard capacities, leading to postponed fleet replacement plans by shipowners [3][4] - Domestic shipyards maintain a positive outlook, with significant backlogs ensuring stable performance in the near term [4] Group 3 - There is a clear demand for fleet renewal and the development of new ship types driven by low-carbon policies and the need for cleaner energy vessels [4][5] - The emphasis on deep-sea development and resource utilization is expected to create demand for new ship types, including traditional marine engineering vessels [5]