The Zhitong Finance App learned that on May 24, due to news that the Baltic Sea Dry Bulk Price Index hit a high of more than five months, the 10:59:05 sector fluctuated and strengthened. As of press release, COSCO Marine (600026.SH) rose and stopped, China Merchants Shipping (601872.SH) rose more than 7%, and stocks such as China Merchants South Oil () () rose and followed suit. 601975.SH 601919.SH 601866.SH

The Baltic Sea dry bulk freight price index rose on Monday, hitting a high of more than five months, as the headland freight index rose. The overall dry bulk price index in the Baltic Sea rose 25 points, or 0.75%, to 3,369 points, the highest since December 8. The headland freight index rose 76 points, or 1.7%, to 4602 points. The average daily profit of cape ships increased by $631 to $38,169. The Panamanian shipping price index fell 5 points, or 0.2%, to 3,377 points. The average daily profit of Panamanian ships fell by $48 to $30,392. The freight index for ultra-portable bulk carriers rose 2 points to 2,818 points. The convenient shipping price index rose 2 points to 1,664 points.

According to Tianfeng Securities Research Report, China's rotary-loading shipping companies have ushered in great opportunities for development. First, China's exports of new energy vehicles are expected to continue to grow at a high rate, driving a high increase in rotary-loading shipping volume. Second, global automobile shipping trade routes are expected to be restructured, and China's exports will lead to a longer average freight range. Third, China's rotary-loading shipbuilding advantage is obvious. Chinese shipyards account for 75% of the world's rotary-loading shipbuilding orders, and the top four shipyards by order volume are all in China. Fourth, the boom in the rotary-loading industry since 2021 has brought good opportunities for enterprise development.