Group 1: Shipping Price Trends - As of June 23, 2025, the Baltic Dry Index (BDI) reached 1674 points, a significant increase of 67.90% compared to the end of last year [4] - The Baltic Panamax Index (BPI) stood at 1362 points, reflecting a year-on-year growth of 37.85% [4] - The China Coastal Coal Freight Index (CCBFI) was recorded at 709.51 points, up 7.5% from the end of last year, indicating a steady upward trend in domestic shipping prices [4] Group 2: Impact of New Shipping Capacity - As of June 2025, the global dry bulk fleet consists of 14,337 vessels, totaling approximately 104.8 million deadweight tons (DWT), with Panamax vessels accounting for about 26.6 million DWT (3,270 vessels) [5] - New ship orders for dry bulk carriers saw a dramatic decline of 92% in the first two months of 2025, marking the lowest level in at least 30 years [5] - The reduced new ship orders and lower Suez Canal traffic have tightened market supply, suggesting a continuation of strong market conditions for dry bulk shipping [5] Group 3: Advantages of New Vessels - New vessels are significantly more energy-efficient and intelligent compared to older ships, leading to reduced operational costs and lower fuel expenses for charter clients [6] - New ships do not incur high retrofitting costs associated with older vessels, resulting in lower maintenance costs and enhanced long-term economic viability [6] - Vessels utilizing new energy sources meet EU carbon emission standards, allowing access to environmentally stringent ports and expanding market reach [6]