Zhi Tong Cai Jing·2025-12-04 02:05Core Viewpoint - The shipping company Pacific Basin Shipping (02343) has seen its stock price increase by over 5%, currently trading at 2.75 HKD, with a trading volume of 39.83 million HKD. This surge is attributed to a significant rise in the Baltic Dry Index (BDI), which reached 2845 points, marking a 9.42% increase and the highest level since December 6, 2023, with a cumulative rise of 46% over the past month [1]. Industry Summary - The Baltic Dry Index (BDI) has experienced a notable increase, achieving a new high of 2845 points, which represents a 9.42% rise and the largest increase since October 13, 2025, with 15 consecutive days of growth [1]. - Longjiang Securities has released a report indicating that the dry bulk shipping industry is at a turning point, with limited supply growth and three key demand catalysts expected to drive upward momentum: the commissioning of the West Mambore iron ore project reshaping the iron ore trade landscape; potential interest rate cuts by the Federal Reserve benefiting bulk commodity trade; and long-term infrastructure projects, including post-war reconstruction in Ukraine and hydropower construction in Asia, contributing to marginal demand [1].