Http://en.chineseshipping.com.cn
CCFI Commentary Issue 4, 2018
  

                 Demand Is Hot and Freight Rate Rising

  China export box transport market sees transport demand is hot. With the arrival of shipment rush ahead of the Spring Festival, cargo volume is growing, and freight rate increase plan is accepted. Freight rates in some routes slip and some rise, with the comprehensive index rising. On Jan.12, Shanghai (Export) Containerized Freight Index (SCFI) issued by Shanghai Shipping Exchange (SSE) quotes 839.72 points, up by 2.8% comparing with one week ago.

  In the Europe route, cargo volume is sufficient, and transport demand is hot, with some even full-loaded. On Jan.12, freight rate in the Shanghai-Mediterranean route (covering seaborne surcharges) quotes USD897/TEU, rising by 1.0% against one week ago. In the Mediterranean route, the demand/supply condition keeps stable and the average slot utilization rate sustains between 85%-95%, with some even 100%. On Jan.12, freight rate in the Shanghai-Mediterranean route (covering seaborne surcharges) quotes USD759/TEU, up by 2.8% against one week ago.

  As the coming of the Spring Festival, cargo volume is sufficient in the North America route, where transport demand keeps hot. In the USWC route, the average slot utilization rate reaches around 90%, with some even full-loaded and spot rate slip. On Jan.12, freight rate in the routes from Shanghai to USWC (covering seaborne surcharges) quote USD1514/FEU, down by 3.3% from one week ago. In the USEC route, owing to the hot transport demand, the average slot utilization rate is full-loaded. Box liners hike freight rate successfully in early Jan., spot rate keeps in line with one week ago. On Jan.12, freight rate in the route from Shanghai to USEC (covering seaborne surcharges) quotes USD2608/FEU, jumping by 7.5% against one week ago.

  In the Persian Gulf route, as the coming of the “Spring Festival”, the demand/supply condition improves, and the average slot utilization rate sustains 90%95%. Spot rate recovers. On Jan.12, freight rate in the Shanghai-Persian Gulf route (covering seaborne surcharges) quotes USD450/TEU, up by 3.9% against one week ago.

  For the coming of Chinese Festival, cargo volume goes north in the Australia/New Zealand route, with some even full-loaded. As transport demand is hot, box liners hike booking rate again, leasing spot rate rising largely. On Jan.12, freight rate in the Shanghai-Australia/New Zealand route (covering seaborne surcharges) up by 14.9% from one week ago to USD1399/TEU.

  In the South America route, cargo volume keeps rising and transport demand goes better. Owing to part of box liners add capacity input, demand/supply condition is impacted. Box liners reduce freight rate to lock their market shares, with spot rate slip. On Jan.12, freight rate in the Shanghai-South America route (covering seaborne surcharges) quotes USD2517/TEU, down by 13.9% from one week ago.

  Demand/supply condition keeps stable in the Japan route, where spot rate fluctuates. On Jan.12, freight index in the China-Japan route quotes 710.52 points.

 
 
©2001-2013 Shanghai Shipping Exchange All Rights Reserved. Copyright Declaration Contact us
Shanghai ICP B2-20050110