Core Insights - The international dry bulk shipping market experienced fluctuations in July, initially declining before rebounding, with the BDI reaching a new high for the year by the end of the month [1] - The BDI reported at 2226 points as of July 28, reflecting a 52.67% increase from the beginning of the month, while the average for the month was 1786.9 points, showing a month-on-month increase of 5.99% but a year-on-year decline of 7.19% [1] Market Performance by Vessel Type - The BCI rose from 2011 points at the start of the month to 3774 points by the end, marking an increase of 87.67%, with a monthly average of 2556.85 points, which is a month-on-month decrease of 11.93% and a year-on-year decrease of 16.98% [1] - The BPI increased from 1500 points to 1798 points, a rise of 19.87%, with a monthly average of 1766.4 points, reflecting a month-on-month increase of 32.39% and a year-on-year increase of 5.18% [1] - The BSI saw an increase from 1018 points to 1289 points, a growth of 26.62%, with a monthly average of 1217.75 points, indicating a month-on-month increase of 27.33% but a year-on-year decline of 10.73% [1] Market Outlook - The large vessel market is expected to experience fluctuations after reaching high rates, with short-term predictions indicating a period of adjustment [1] - Anticipation of increased transportation demand in late August due to the domestic "golden September and silver October" steel consumption peak and mining dispatch rhythm [1] - The medium-sized vessel market is projected to see a gradual decline in grain transportation demand post-August, while coal consumption remains high, with expectations of increased daily consumption due to high temperatures [1] - Despite favorable conditions for imported coal prices, the likelihood of significant procurement demand release is low due to ample terminal inventory, limiting short-term transportation demand support [1]