pennbattle3le| Shanghai Air Exchange: Coastal transportation demand increased, and the composite index rose significantly by 4.1%

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The coastal bulk cargo shipping index rose 4.5 percent this weekpennbattle3le.1%, boosted by strong procurement in the coal market and tightening transportation capacity.

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The coastal bulk cargo freight index rises, indicating strong market demand

According to the Shanghai Shipping Exchangepennbattle3leAccording to the latest report of the coastal bulk cargo market this week showed a positive trend. The coal market has shown strong purchasing momentum, resulting in a corresponding increase in transportation demand. At the same time, shrinking shipping capacity, especially the reduction of Panamax and handy vessels, provided support for a significant increase in the coastal bulk cargo composite index.

On May 24, data from the Shanghai Shipping Exchange showed that China's coastal (bulk cargo) composite freight index reached 1,034.80 points, an increase of 4.1% from the previous week. This increase highlights market activity and reflects the overall health of the shipping industry.