Group 1: Industry Overview - The oil shipping sector is currently undervalued, with companies showing elasticity and dividend support, suggesting a focus on left-side opportunities and seasonal demand improvements [1] - Recent shipping price updates indicate a rebound in container shipping prices for the US routes, while European routes have declined; SCFI prices changed by +17.0% for US, -11.2% for Europe, and +5.3% for Southeast Asia week-on-week [1] - The dry bulk index (BDI) has shown a week-on-week increase of +7.0%, with specific indices like BCI and BSI rising by +8.2% and +4.3% respectively [1] Group 2: Supply Dynamics - There is a persistent tight supply of small container ships in the Asian region, with only a 1-2% annual increase in supply expected over the next three years, while the proportion of ships over 25 years old has reached 11.2% [2] - The majority of new small container ships are being ordered for routes bypassing the Red Sea, with limited new supply expected in the Asian region, which only saw a 2.2% increase in small ship capacity [2] - The top ten shipping companies in the Asian region hold approximately 70% of the capacity share, with a high reliance on chartered vessels, indicating a competitive landscape focused on larger vessels [3]