Mei Ri Jing Ji Xin Wen·2026-02-24 02:30Core Viewpoint - The shipping sector is experiencing significant activity, with the transportation ETF (159666) rising by 1.17%, and key stocks such as COSCO Shipping Energy and China Merchants Energy reaching their daily limit up [1] Group 1: Market Performance - On February 23, the BDI dry bulk index reached 2112 points, marking a new high for the year [1] - The Shanghai Futures Exchange's European shipping contract surged by 7%, while the oil shipping TD3CTCE rate exceeded $150,000 per day during the off-season, indicating unexpected price elasticity [1] Group 2: Industry Insights - CITIC Securities highlights that the energy trade landscape is evolving amid a backdrop of de-globalization, with the scarcity of supply chain assets and their financial attributes becoming increasingly prominent [1] - The performance of shipping rates and valuations is increasingly deviating from traditional supply-demand frameworks, which may characterize the tanker cycle significantly in 2025-2026 [1] - The off-season daily TD3CTCE rate surpassing $150,000 is driven by geopolitical catalysts, suggesting that company profits may reach cyclical peaks in 2026 [1] Group 3: ETF Overview - The transportation ETF (159666) and its linked funds (019405/019404) are the only funds tracking the CSI All-Share Transportation Index in the market, encompassing logistics, railways, highways, shipping ports, and airports, thus reflecting the overall performance of listed transportation companies in the A-share market [1]