Zhi Tong Cai Jing·2025-12-01 06:52Core Viewpoint - The global dry bulk shipping market is experiencing a rapid upturn, with the Baltic Dry Index (BDI) reaching its highest level since December 2023, indicating a positive trend for the industry [1] Group 1: Company Performance - Pacific Basin Shipping (02343) has seen its stock price increase by over 4%, currently trading at HKD 2.71 with a trading volume of HKD 32.43 million [1] Group 2: Industry Outlook - The dry bulk shipping industry is at a turning point, with moderate supply growth and three key demand catalysts expected to drive upward momentum: 1. The commencement of the West Simandou iron ore project, which is set to reshape the iron ore trade landscape 2. The Federal Reserve's interest rate cuts, which are favorable for commodity trading and dry bulk shipping 3. Long-term infrastructure needs, including post-war reconstruction in Ukraine and hydropower projects in Asia, contributing to marginal demand [1]