Tianhai Defense said in an agency survey on August 11 that ships are a cyclical industry, and cyclical fluctuations exist objectively, making it difficult to accurately predict how long the market will last. From an industry perspective, it currently has multiple favorable supports: first, global maritime environmental protection policies continue to advance, and new energy related policies bring opportunities for industry development; second, the industry has entered a ship exchange cycle, where the competitiveness of old ships has declined, driving the need to renew models such as multi-purpose ships, and is also an important source of orders for the company at this stage; third, the global trade pattern is diversified, trade demand is rigid, and geopolitical uncertainty may bring certain business opportunities to the shipping and shipbuilding industry. Overall, the industry as a whole is currently in a good development window, but it is difficult to accurately predict how long the market will last and how high the boom will be.

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