Weekly Commentary on China Containerized Transportation

Zhu+Pengzhou

In the week ending July 10， China export box transport market sees demand flat. Benefited from the increasing freight rates in some trades， the general market goes better， but market participators hold negative attitudes towards the post market. Booking rates in many trades tend to fall. On July 10， China （Export） Containerized Freight Index （CCFI） issued by Shanghai Shipping Exchange （SSE） quotes 804.80 points， up by 1.8% from one week ago; while Shanghai （Export） Containerized Freight Index （SCFI） issued by SSE has a week-on-week slip of 10.7% to 666.02 points.

European economy keeps on the weak condition， which drags down the transport demand in the China to Europe service. In the Europe service， since from late June， some box liners have carried out more than one kind of measures to limit capacity， retrieving the oversupply of capacity somehow. The average slot utilization rate in this service keeps around 90%.

In the Mediterranean service， despite the coming of traditional peak season， cargo volume has no increase， and the unbalanced demand/supply condition has not been improved. The average slot utilization rate in this service keeps between 85% and 90%， with some even below 80%. Spot rate has a remarkable slip， with some even around USD500 per TEU. On July 10， freight rates in the services from Shanghai to Europe and Mediterranean （covering seaborne surcharges） quote USD699 per TEU and USD737 per TEU， diving by 20.5% and 21.7% from last week respectively.

In the North America service， America economy has a mixed feeling，dragged by the growing consumption confidence index and the increasing unemployment rate， transport demand in the North America service rises slower. The average slot utilization rate reaches around 90%. Transport demand keeps stable in the East coast service， where the average slot utilization rate keeps above 90%. On July 10， freight indices in the services from China to USWC and USEC quote 865.94 points and 1154.51 points， down by 0.3% and 0.5% from one week ago.

Cargo volume performs flat in the Australia service， where the average slot utilization rate hovers between 85% and 90%. Most box liners have to reduce freight rate to lock market shares. On July 10， freight rate in the Shanghai-Australia service dives 18.0% comparing with that last week to USD351 per TEU.

In the Persian Gulf service， despite the approach of Ramadan， shipment rush is not evident. Demand/supply condition is worsens， and spot rate tends to be decline after increasing for a short time. On July 10， freight rate in the Shanghai-Persian Gulf service （covering seaborne surcharges） quote USD465 per TEU， falling by 7.6% from one week ago.

Cargo volume falls slightly in the Japan service， where the average slot utilization rate slips to be below 60%， with spot rate stable. On July 10， freight index in the China-Japan service quotes 623.48 points.

（Please contact the Information Dept of SSE for more details.）

SHIPPING EXCHANGE

BULLETIN

TOTAL EDITION： 941

21/7/2015

CONTENT FOR THIS WEEK

?Water Transport May See Demand Too Weak to Grow

?Shanghai Shipping Insurance Association Plays as an

International Platform for Members

?Maersk Line Orders 14000TEU Containers Maybe for East

America Service

?Sainty Marine Corp. Ltd. on the Tough Time

?The General Manager of Vice Manager of Chongqing

Chuanjiang Shipping Commit Suicide

?SIPG Layouts Integrated Logistics

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