Zhonggu Logistics reported a 180% year-over-year surge in Red Sea container freight rates to $10,000 per FEU in Q3, driving a 200% jump in net profit to 1 billion yuan. The company is aggressively expanding its Red Sea fleet and plans to invest 7.3 billion yuan in 18 new ships.
Zhonggu Logistics is a high-risk, high-reward play on the Red Sea shipping crisis, with potential for a 100%+ upside if rates remain elevated.
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