Core Insights - The "2025 North Bund International Shipping Forum - Financial and Insurance Forum" was held in Shanghai, focusing on high-quality development in the shipping service industry through open innovation and cooperation [1][3]. Group 1: Shipping Price Index and Standards - The establishment of the China Coastal Product Oil Freight Rate Standard System was announced, emphasizing flexibility, fairness, and compliance. This system aims to provide a standardized pricing reference and reduce default risks [3]. - The system is based on the China Coastal Product Oil Freight Index (CCTFI) and is designed to be more scientifically rational, with significant promotional potential and normative value [3]. Group 2: Insurance Developments - The total tonnage of the China Shipowners Mutual Insurance Association's entry into the mutual insurance scheme has surpassed 100 million tons, growing from 470,000 tons since its establishment in 1984, with an average annual growth rate of 14% [3]. - This achievement signifies a solid step in enhancing the insurance capacity and global service level of the association, further solidifying its position as Asia's largest mutual insurance association [3]. Group 3: Safety Innovations - The Shanghai Shipping Insurance Association introduced the "Electric Vehicle Shipping Fire Loss Reduction Plan," developed through collaboration among various industry stakeholders [4]. - This plan aims to significantly reduce the risk of shipwrecks caused by battery thermal runaway during the maritime transport of electric vehicles, providing a systematic solution to major risks in the global electric vehicle export sector [4].