Demand keeping stable with Rates Performing Differently

　　China export box transport market sees demand stable, where spot rates among different routes have uneven performances, with the comprehensive index slip. On June 23, Shanghai Export Containerized Freight Index (SCFI) quotes 827.27 points, a decrease of 1.3% comparing with one week ago.

　　Data issued by AEW shows that Europe economy continues on the stable growth way. Cargo volume and demand/supply condition perform stably, the average slot utilization rate keeps above 90%, with spot rate keeping in line with that one week ago. On June 23, freight rate in the route from Shanghai to Europe (covering seaborne surcharges) quote USD882/TEU, up by 0.2% against one week ago., the whole market keeps stable, and freight rate has a similar performance with that in Europe route in the Mediterranean route, where the average slot utilization rate leaving off Shanghai Port is between 90%-95%, leading spot rate firmed. On June 23, freight rate in the route from Shanghai to Mediterranean (covering seaborne surcharges) quote USD878/TEU, down by 0.1% from one week ago.

　　U.S. economy recovers slowly, which makes transport demand growing narrowly. However, demand/supply condition sustains stable, both the average slot utilization rates in USWC and USEC sustain between 90%-95%. Most box liners continue to reduce freight rate for the sake of market share, leading spot rate keeping on the downward trend. On June 23, freight rates in the routes from Shanghai to USWC and USEC (covering seaborne surcharges) quote USD1092/FEU and USD2013/FEU, falling by 4.7% and 3.3% from one week ago respectively.

　　Transport demand keeps growing in the Persian Gulf route, where demand/supply condition performs well and the average slot utilization rate sustains around 95%. Owing to box liners push up freight rate for several times, spot booking rate slides. On June 23, freight rate in the Shanghai-Persian Gulf route (covering seaborne surcharges) quotes USD933/TEU, a week-on-week slip of 1.7%.

　　Transport demand keeps sliding in the Australia route, where, as part of box liners carry out capacity control measures to sustain demand/supply condition, the average slot loading rate is around 80%, with spot rate tumbling. On June 16, freight rate in the Shanghai-Persian Gulf route (covering seaborne surcharges) quotes USD949/TEU, up by 3.6% from one week ago.

　　Transport demand keeps on the relatively high level, and the whole capacity is limited effectively, which improves demand/supply condition. The average slot utilization rate sustains above 95%, with spot rate rising further. On June 23, freight rate in the Shanghai-South America route (covering seaborne surcharges) quotes USD3599/TEU, a week-on-week increase of 1.4%.

　　Cargo volume and spot rate keep stable relatively in the Japan route. On June 23, freight index in the China-Japan route quotes 690.42 points.