Weekly Report of China's Export Container Transport Market (2019.08.02)（China logistics）
Sep 02 2019
Overall market performance
The freight rate of the route increased more and less
This week, the performance of China's export container shipping market has generally improved, and freight rates in major transportation markets have risen significantly, driving the composite index higher. On August 2, the Shanghai Freight Index issued by the Shanghai Shipping Exchange was 830.94 points, an increase of 5.3% over the previous period.（China logistics）
For European routes, the market is in the peak season of summer transportation, and the cargo volume continues to rise. In addition, airlines have more effective control of shipping capacity, and the departures from Shanghai Port are basically at full capacity. The freight rates pushed by airlines at the beginning of the month have been completely digested by the market, and the spot market freight rates have once again risen significantly. On August 2nd, the freight rate (sea and maritime surcharge) of Shanghai's export to the European basic port market was 806 USD / TEU, up 6.9% from the previous period. The Mediterranean route, although the market demand is not as good as the European route, but the airlines have adopted greater capacity control measures on the route, and the overall market capacity has declined. The average utilization rate of ships in Shanghai Port is about 95%, and some flights Full load. Airlines generally push up freight rates on routes, and spot market freight rates have risen sharply. On August 2nd, the freight rate of Shanghai's export to the Mediterranean basic port market (maritime and maritime surcharges) was US $ 850 / TEU, up 18.4% from the previous period, the highest increase in the year.
For North American routes, the overall volume of routes during the traditional peak season is relatively stable. However, due to the uncertainties of Sino-US trade negotiations, the phenomenon of some regions or consignors speeding up shipments. This week, the average utilization rate of ships in Shanghai Port is above 95%, and more flights are shipped at full capacity. Among the US and Western routes, due to a certain increase in the freight rate of the routes, or due to the influence of news and transportation timeliness, some airlines' booking prices have increased significantly, and the spot market freight rates have risen. On August 2nd, the freight rate (sea and maritime surcharge) of Shanghai's export to the basic port of the United States and the West was US $ 1,589 / FEU, up 10.9% from the previous period. With the limited space for the upswing of the East Coast route, there are still a lot of carriers that cut prices and pick up cargoes. The market freight rates have been mixed, and the spot market freight rates are generally flat. On August 2nd, the freight rate (sea and maritime surcharge) of Shanghai's export to the basic port of the US East was 2801 USD / FEU, which was basically the same as the previous period.
In the Persian Gulf route, the transportation demand in the destination market is relatively stable. Carriers have planned to suspend flights to control capacity. The supply and demand of the route has remained balanced. The average utilization rate of ships in Shanghai Port is 95%. The market freight rate performance is relatively flat. Most carriers maintain the original freight rate unchanged or slightly reduce the price based on the original freight rate, and the current market freight rate drops. On August 2nd, the freight rate (sea and maritime surcharge) of Shanghai's export to the Persian Gulf basic port market was US $ 713 / TEU, down 1.0% from the previous period.
Australia and New Zealand routes, the market volume is stable, and transportation demand is stable and better. Some airlines have continued to take measures such as suspension of flights to control capacity. The utilization rate of each flight slot in Shanghai Port is above 95%, and most voyages are fully loaded. Affected by this, there is still room for the overall freight rate of the airlines to increase. The freight rate of some airlines at the beginning of the month has been responded by the market, and the spot market freight rate has risen sharply again. On August 2nd, the freight rate (sea freight and sea surcharge) for Shanghai's export to the Australian and New Zealand basic port market was US $ 578 / TEU, up 10.1% from the previous period.
South American routes, the market volume has been steadily rising, and the relationship between supply and demand remains good. The average utilization rate of ships in Shanghai Port is 95% ~ 100%, and some shifts are fully loaded. Carriers' opinions on the market outlook are still divided. The overall freight rate of the airlines has been adjusted back after some airliners increased their prices at the beginning of the month, and the spot market freight rates have fallen. On August 2nd, the freight rate (sea and maritime surcharge) of Shanghai's export to the basic port of South America was US $ 1,935 / TEU, down 5.7% from the previous period.
For the Japan route, the cargo volume was basically stable this week, and the market freight rate remained stable. On August 2, the freight index of China's exports to Japan was 733.38 points. Source: Shanghai Shipping Exchange
The freight rate of the route increased more and less
This week, the performance of China's export container shipping market has generally improved, and freight rates in major transportation markets have risen significantly, driving the composite index higher. On August 2, the Shanghai Freight Index issued by the Shanghai Shipping Exchange was 830.94 points, an increase of 5.3% over the previous period.（China logistics）
For European routes, the market is in the peak season of summer transportation, and the cargo volume continues to rise. In addition, airlines have more effective control of shipping capacity, and the departures from Shanghai Port are basically at full capacity. The freight rates pushed by airlines at the beginning of the month have been completely digested by the market, and the spot market freight rates have once again risen significantly. On August 2nd, the freight rate (sea and maritime surcharge) of Shanghai's export to the European basic port market was 806 USD / TEU, up 6.9% from the previous period. The Mediterranean route, although the market demand is not as good as the European route, but the airlines have adopted greater capacity control measures on the route, and the overall market capacity has declined. The average utilization rate of ships in Shanghai Port is about 95%, and some flights Full load. Airlines generally push up freight rates on routes, and spot market freight rates have risen sharply. On August 2nd, the freight rate of Shanghai's export to the Mediterranean basic port market (maritime and maritime surcharges) was US $ 850 / TEU, up 18.4% from the previous period, the highest increase in the year.
For North American routes, the overall volume of routes during the traditional peak season is relatively stable. However, due to the uncertainties of Sino-US trade negotiations, the phenomenon of some regions or consignors speeding up shipments. This week, the average utilization rate of ships in Shanghai Port is above 95%, and more flights are shipped at full capacity. Among the US and Western routes, due to a certain increase in the freight rate of the routes, or due to the influence of news and transportation timeliness, some airlines' booking prices have increased significantly, and the spot market freight rates have risen. On August 2nd, the freight rate (sea and maritime surcharge) of Shanghai's export to the basic port of the United States and the West was US $ 1,589 / FEU, up 10.9% from the previous period. With the limited space for the upswing of the East Coast route, there are still a lot of carriers that cut prices and pick up cargoes. The market freight rates have been mixed, and the spot market freight rates are generally flat. On August 2nd, the freight rate (sea and maritime surcharge) of Shanghai's export to the basic port of the US East was 2801 USD / FEU, which was basically the same as the previous period.
In the Persian Gulf route, the transportation demand in the destination market is relatively stable. Carriers have planned to suspend flights to control capacity. The supply and demand of the route has remained balanced. The average utilization rate of ships in Shanghai Port is 95%. The market freight rate performance is relatively flat. Most carriers maintain the original freight rate unchanged or slightly reduce the price based on the original freight rate, and the current market freight rate drops. On August 2nd, the freight rate (sea and maritime surcharge) of Shanghai's export to the Persian Gulf basic port market was US $ 713 / TEU, down 1.0% from the previous period.
Australia and New Zealand routes, the market volume is stable, and transportation demand is stable and better. Some airlines have continued to take measures such as suspension of flights to control capacity. The utilization rate of each flight slot in Shanghai Port is above 95%, and most voyages are fully loaded. Affected by this, there is still room for the overall freight rate of the airlines to increase. The freight rate of some airlines at the beginning of the month has been responded by the market, and the spot market freight rate has risen sharply again. On August 2nd, the freight rate (sea freight and sea surcharge) for Shanghai's export to the Australian and New Zealand basic port market was US $ 578 / TEU, up 10.1% from the previous period.
South American routes, the market volume has been steadily rising, and the relationship between supply and demand remains good. The average utilization rate of ships in Shanghai Port is 95% ~ 100%, and some shifts are fully loaded. Carriers' opinions on the market outlook are still divided. The overall freight rate of the airlines has been adjusted back after some airliners increased their prices at the beginning of the month, and the spot market freight rates have fallen. On August 2nd, the freight rate (sea and maritime surcharge) of Shanghai's export to the basic port of South America was US $ 1,935 / TEU, down 5.7% from the previous period.
For the Japan route, the cargo volume was basically stable this week, and the market freight rate remained stable. On August 2, the freight index of China's exports to Japan was 733.38 points. Source: Shanghai Shipping Exchange
