CICC's Research Reports believe that looking ahead to 2025, the supply and demand gap in the Ship industry still exists, and new Orders may continue to be prosperous. It is estimated that the Ship industry will continue to have supply lower than demand for a period of time, and the supply and demand gap may last until 2030, with strong sustainability in aging and New energy Fund replacement demand, Bullish on the follow-up demand for tankers and bulk carriers. With leading shipbuilding groups promoting restructuring, competitiveness will be further strengthened, and China's shipbuilding enterprises' share is expected to continue to increase in 2025.