Shanghai Shipping Exchange: Crude oil shipping rates stabilized and rebounded

```htmlAccording to Golden Ten Data on July 11, the Shanghai Shipping Exchange released its weekly report on China’s foreign trade oil tanker transport market. The report shows that this week, Brent crude oil futures prices fluctuated upward, VLCC tanker freight rates in the global crude oil transport market continued to rebound, and rates in China’s imported VLCC transport market stopped falling and began to recover. On July 9, the China Import Crude Oil Composite Index (CTFI) released by the Shanghai Shipping Exchange stood at 4,332.25 points, an increase of 8.3% compared to July 2.```