According to the Zhitong Finance App, Pacific Shipping (02343.HK) announced that in the third quarter of 2024, global dry bulk cargo volumes will increase year by year, mainly driven by increased demand for grains, small bulk goods and iron ore. Seasonal fluctuations in market freight rents continue to be limited due to disruptions to the Suez Canal and the Panama Canal, reducing fleet efficiency. Despite market concerns about downside risks associated with global trade and economic growth, high interest rates, and conflicts in Ukraine and the Middle East, we are optimistic about the outlook. China's fiscal stimulus policies and the continued decline in fleet efficiency due to the disruption of the Suez Canal and the conflict in the Middle East all support this positive outlook.

According to the Zhitong Finance App, Pacific Shipping (02343.HK) announced that in the third quarter of 2024, global dry bulk cargo volumes will increase year by year, mainly driven by increased demand for grains, small bulk goods and iron ore. Seasonal fluctuations in market freight rents continue to be limited due to disruptions to the Suez Canal and the Panama Canal, reducing fleet efficiency. Despite market concerns about downside risks associated with global trade and economic growth, high interest rates, and conflicts in Ukraine and the Middle East, we are optimistic about the outlook. China's fiscal stimulus policies and the continued decline in fleet efficiency due to the disruption of the Suez Canal and the conflict in the Middle East all support this positive outlook.