The whole Transport Market downward

　　China export box transport market sees demand stable, but routes perform differently, leading spot rate ups and downs. Impacted by the tumbling Freight rate, the comprehensive index has a narrow slip. On June 9, Shanghai Export Containerized Freight Index (SCFI) quotes 869.50 points, a decrease of 2.8% comparing with one week ago.

　　As the stable recovery of market, transport demand rises firmly in the Europe route, where the average slot utilization rate leaving off Shanghai Port sustains above 90%, with some even 100%. For the stable demand/supply condition, box liners decrease freight rate slightly, with spot rate stable in general. On June 9, freight rate in the route from Shanghai to Europe (covering seaborne surcharges) quote USD935/TEU, almost in line with one week ago. In the Mediterranean route, transport demand keeps stable, and the average slot utilization rate leaving off Shanghai Port sustains between 90%-95%, with spot rate slip slightly after part of box liner decreasing freight rate. On June 9, freight rate in the route from Shanghai to Mediterranean (covering seaborne surcharges) quote USD904/TEU, down by 1.7% from one week ago.

　　In the North America route, transport demand grows slowly, but the excess of capacity has no improvement. Both the average slot utilization rates in the USWC and USEC routes hover around 90%. For the insufficient transport demand, most box liners decrease freight rate for the sake of loading rate, and spot rate tumbles to the previous level. On June 9, freight rates in the routes from Shanghai to USWC and USEC (covering seaborne surcharges) quote USD1277/FEU and USD2233/FEU, falling by 9.6% and 8.0% from one week ago respectively.

　　As market enters traditional slack season during Ramadan, transport demand slides. However, the average slot utilization rate keeps on the high level, free from the decreasing cargo volume. Owing to the short supply of ship space, some freight rate still increases despite of some box liners starting to reduce freight rate, leading spot rate growing stably. On June 9, freight rate in the Shanghai-Persian Gulf route (covering seaborne surcharges) quotes USD916/TEU, almost in line with that one week ago.

　　As Brazilian economy is recovering, transport demand is improving. Under the support from capacity limit measures, demand/supply condition keeps on the good level. For the good outlook of market, some box liners increase freight rate, and small part of box liners hike freight rate for the second time, leading spot rate rising. On June 9, freight rate in the Shanghai-South America route (covering seaborne surcharges) quotes USD3460/TEU, a week-on-week increase of 1.1%, the highest record since the issue of SCFI.