On October 9th, the Shanghai International Shipping Research Center released the China Shipping Prosperity Report for the third quarter of 2023. The report shows that in the third quarter of 2023, the China Shipping Prosperity Index was 94.77 points, a decrease of 7.2 points compared to the previous quarter, and once again, it dropped from a micro prosperity range to a weak recession range; According to last quarter's forecast, the China Shipping Prosperity Index is expected to be 105.67 points this quarter, which will maintain a micro prosperity range, resulting in a market rebound that is less than expected. At the same time, the confidence index of China's shipping industry in this quarter was 75.74 points, a decrease of 5.44 points compared to the previous quarter, dropping from a relatively sluggish range to a more sluggish one. Entrepreneurs still lack confidence.

Information source: Securities Times website

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