On July 24th, Guotai Junan's research report pointed out that recent freight rates are under pressure, partly due to the impact of high oil prices. Recently, oil prices have fallen and inventory adjustment capabilities may be relatively limited. It is expected that future geopolitics and oil prices will continue to dominate short-term trade rhythms and freight rate fluctuations. It is recommended to reduce short-term freight rate fluctuations and focus on trends in freight rate centers. According to recent communications, oil tanker owners are still optimistic about the improvement of the oil shipping market supply and demand and center-upward trends in freight rates. Looking ahead to the next few years, the oil tanker supply will be rigidly highlighted or even reduced, and oil shipping demand will continue to rise steadily.
国泰君安：高油价致运价短期承压，实业界预期仍乐观
GTJA: High oil prices have caused short-term pressure on transportation prices, but the industrial sector remains optimistic.
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