On July 10th, Nomura issued a research report stating that if Hamas accepts the ceasefire agreement, the situation in the Middle East may improve in the short term, and if this happens, shipping prices may recover to the level before the blockade of the Red Sea route. Nomura pointed out that although the stock prices of shipping stocks have been supported by the sharp rise in freight rates, although shipping prices may not immediately fall, the latest development expectations will still put great pressure on the stock prices of shipping companies, and investors expect to take profits and leave first, which may further squeeze Cosco Shipping Holdings, Orient Overseas and SITC International.