B · Normal
[The shipping sector bucked the trend and rose by the daily limit, and Ningbo Shipping rose by the daily limit] On September 14th, the shipping sector bucked the trend and rose by the daily limit, with Ningbo Shipping rising by the daily limit, followed by COSCO SHIPPING Energy, Phoenix Shipping, China Merchants Shipping, Ningbo Ocean Shipping, and Xingtong shares. On the news, as of September 11, Baltic Exchange data shows that the TCE of the 270K Middle East Gulf-China TD3C route has risen to 982,072 US dollars/day, just one step away from 1 million US dollars/day; the VLTCE comprehensive index, which represents the overall VLCC market performance, also exceeded 550,000 US dollars/day, reaching 554,170 US dollars/day.
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