Jinwu Financial News | Shipping stocks are rising, cosco ship engy (01138) up 3.52%, sinotrans limited (00598) up 2.99%, pacific basin (02343) up 2.09%, cosco shipping development (02866) up 1.92%, ooil (00316) up 1.2%.

In news, boc international stated that eco-friendly regulations are impacting the dry bulk shipping market, and the new shipbuilding market continues to thrive. Eco-friendly regulations are driving the retirement of outdated capacity, leading to changes in the global trade structure, and the dry bulk shipping market is undergoing transformation. As the International Maritime Organization (IMO) tightens its standards for ship emissions, older vessels that do not meet eco-friendly standards are being forced out of the market. In the coming years, as eco-friendly regulations become stricter, freight rates in the dry bulk market are expected to rise.

The development of the new energy fund is also injecting new growth momentum into the dry bulk shipping market. According to Delory, as demand for young and efficient fleets rises, the trend of segmentation in the charter market is intensifying. With the European Union's Emissions Trading System (ETS) encouraging the use of young fleets and the introduction of the FuelEU maritime regulations, there will be further attraction to low-carbon/zero-carbon capable vessels, and it is anticipated that dry bulk freight rates in Europe will increase.

The new shipbuilding market continues to thrive, with increased demand for small dry bulk carriers. Shipbroking company Banchero Costa stated in its latest weekly report that new orders for various types of ships have increased, but the numbers have slightly declined. Banchero Costa also added a transaction: the 56,000 deadweight ton vessel "ND Armonia" built by Mitsui Engineering & Shipbuilding in 2011 was acquired by Indonesian shipowners for 17.95 million USD, reflecting the high demand for smaller dry bulk vessels in the market last week.