Packaging / Advertising & Office

According to the "Weekly Report on China's Export Container Transport Market" released by Shanghai Shipping Exchange recently, the overall operation of China's export container transport market remains stable. On June 17, the Shanghai Composite Export Container Freight Index was 4221.96 points, down 0.3% from the previous issue.

According to the analysis of the report, the continuous spread of the epidemic around the world and the geopolitical conflicts in Europe have caused great trouble to the recovery of the world economy. China has actively implemented various epidemic prevention policies. The epidemic prevention and control situation in Shanghai has been generally stable after the resumption of work and production. Under the active coordination and organization of relevant higher-level departments, the production and operation of Shanghai Port have been stable and improving.

European routes, affected by geopolitics, the European market demand declined slightly compared with the previous period. However, the epidemic situation in Europe is still severe, and the recovery situation of Shanghai Port is gradually improving, and the market demand for the transportation of various materials has generally maintained a high level. Recently, the average space utilization rate of ships in Shanghai Port is close to full load, and the freight rate has dropped slightly. On June 17, the freight rate (maritime and marine surcharges) exported from Shanghai Port to the European base port market was US$5,793/TEU, a slight decrease of 0.9% from the previous issue. For the Mediterranean route, the overall situation and loading rate of the route are similar to those of the European route. The average space utilization rate of ships in Shanghai Port is over 95%, and the spot market booking price has dropped slightly. On June 17, the freight rate (shipping and shipping surcharges) for exports from Shanghai Port to the Mediterranean base port market was US$6,487/TEU, down 1.1% from the previous issue.

North American routes, the epidemic in the United States is still at a high level, and the recent geopolitical factors have led to a sharp rise in the prices of some international bulk commodities; in response to persistent inflationary pressures, the Federal Reserve announced on June 15 that it has raised interest rates by the largest single rate since 1994. The market demand for various types of cargo transportation remains high. Under the epidemic, the drawbacks of the inefficiency of the U.S. collection and distribution system still exist, but the supply and demand of route transportation has generally remained stable. Recently, the average space utilization rate of ships in the US-West and US-East routes of Shanghai Port is basically close to the full load level. On June 17, the freight rates (sea shipping and shipping surcharges) for exports from Shanghai Port to the US West and US East base ports were US$7,489/FEU and US$10,073/FEU, respectively, down 1.8% and 0.2% from the previous issue.

For the Persian Gulf route, the epidemic prevention and control situation in the destination market is generally stable. The transportation demand has gradually recovered after Ramadan. In addition, the pace of resumption of work and production in Shanghai Port has accelerated, and the market supply and demand situation has generally improved. Recently, the average space utilization rate of ships in Shanghai Port is above 95%, and the market freight rate continues to rebound. On June 17, the freight rate (maritime and marine surcharges) for Shanghai Port's exports to the Persian Gulf basic port market was US$3,417/TEU, up 4.6% from the previous issue.

On the Australia-New Zealand route, with the lifting of the epidemic prevention measures in Australia, the local epidemic situation is still high, and the demand for transportation of various living materials remains high. Recently, the average space utilization rate of ships in Shanghai Port is basically at full load level, and the spot market booking price is generally stable. On June 17, the freight rate (sea shipping and shipping surcharges) for exports from Shanghai Port to the basic ports of Australia and New Zealand was US$3,402/TEU, which was basically the same as the previous period.

South America routes, South America is a high-incidence area, the overall situation of epidemic prevention and control is relatively severe, and the local area is highly dependent on the import of various living materials and medical supplies. Recently, the average space utilization rate of ships in Shanghai Port is generally above 95%, the loading rate of some flights is slightly lower, and the spot market booking price has increased. On June 17, the freight rate (shipping and shipping surcharges) for exports from Shanghai Port to South American base ports was US$7,632/TEU, up 5.8% from the previous issue.

Japan routes, the recent transportation demand is stable, and the market freight rate is running smoothly. On June 17, the freight index of China's exports to Japan was 1222.90 points.