According to the CITIC Construction Investment Securities Research Report, in terms of shipping, the transportation market is generally stable, and trends on different routes are divided. The composite index has been rising for six consecutive weeks, and the various routes have mixed ups and downs due to regional supply and demand and geographical factors. North American routes showed a moderate upward trend, supported by peak season stocking and Panama Canal flow restrictions. The increase was slightly higher than the US East; transportation demand for European and Mediterranean routes was basically stable, and market freight rates continued to fall; demand for South American routes grew steadily, driving up freight rates; and routes within Asia were generally upward driven by peak season replenishment. In terms of oil transportation, the international oil transportation market continued to operate at a high level this week. The confrontation between the US and Iran escalated again, and the Middle East-Far East VLCC's daily revenue reached a historical record of 745,000 US dollars/day; the crude oil wheel trend diverged, the VLCC strengthened, and the Suez and Aphra models were relatively weak. Refined oil tankers are rising at the same time, refineries in the Middle East have been affected to lengthen the transportation radius, LR long-haul routes are strong, and regional differentiation of MR ship models continues.

According to the CITIC Construction Investment Securities Research Report, in terms of shipping, the transportation market is generally stable, and trends on different routes are divided. The composite index has been rising for six consecutive weeks, and the various routes have mixed ups and downs due to regional supply and demand and geographical factors. North American routes showed a moderate upward trend, supported by peak season stocking and Panama Canal flow restrictions. The increase was slightly higher than the US East; transportation demand for European and Mediterranean routes was basically stable, and market freight rates continued to fall; demand for South American routes grew steadily, driving up freight rates; and routes within Asia were generally upward driven by peak season replenishment. In terms of oil transportation, the international oil transportation market continued to operate at a high level this week. The confrontation between the US and Iran escalated again, and the Middle East-Far East VLCC's daily revenue reached a historical record of 745,000 US dollars/day; the crude oil wheel trend diverged, the VLCC strengthened, and the Suez and Aphra models were relatively weak. Refined oil tankers are rising at the same time, refineries in the Middle East have been affected and the transportation radius has been lengthened. LR long-haul routes are strong, and regional differentiation of MR ships continues.