Release date: 2015/07/06
 

Last week, China's export container transportation market has entered the traditional peak season, but the cargo is still not as good as capacity growth, supply and demand situation is still severe, the overall market underperformance.

China's export container transportation market weekly report (2015.07.03)

This week, China's export container transportation market has entered the traditional peak season, but the cargo is still not as good as capacity growth, supply and demand situation is still severe, the overall market underperformance. Released on July 3, Shanghai shipping exchange comprehensive reflect the overall market of China's export container freight index for 790.65, a 2.5% drop from the previous period. However, in conjunction with the suspension measures, carriers have pushed up on multiple ocean routes, booking rate in a certain degree of rebound. July 3, reflecting the spot market of Shanghai comprehensive export container freight index was 745.45 points, compared with the previous rose sharply 16.4%.

European routes, as the traditional transportation season approaching, the market cargo rose slightly. At the same time, to coincide with the freight rate for early push up plan, several carriers have cut capacity in the near future, the market supply and demand situation is slightly improved. This week, the Shanghai shipping space utilization rate up to 90% on average. Market rate, despite last week partly led carriers of freight pressure this week to slightly callback rate, but for the rest of the watching carriers are following suit and freight rate rise, booking rate continues to rise sharply this week. July 3, Shanghai export to Europe, the Mediterranean port of basic market freight rate (shipping and shipping fee) is $879 per TEU respectively, $941 per TEU, a rise of 60.4% in the previous period, and 60.4% respectively.

North American routes, the market into the traditional peak season, but cargo growth is not significant, and is impacted by the rapid growth of capacity, the route of supply and demand fail to keep in good level. This week, Shanghai mae west, eastern airlines average space utilization rate of 85%, 90% respectively. Due to the poor fundamentals, freight rate downward pressure is bigger, the market overall market fell slightly. July 3, reflecting the overall market of China's exports to the west, eastern airlines freight index were 868.31 points, 1160.42 points, respectively, compared with the previous fell 1.9%, 2.0%. And after a week on the sidelines, most carriers began to perform early rising freight plan, but the pressure of competition from market, limited gains. Shanghai port this week average mae west, eastern airlines booking freight is only a rise of less than $200 in the last week/FEU, $100 / FEU, far lower than the previous $500 to $600 / FEU xuan higher level.

Anz routes, transport market demand is not obvious signs of improvement, the carriers to maintain market capacity shrink at about 20%, Shanghai shipping space utilization rate remain at around 85% on average. Due to low level of freight, carriers to improve airline operating conditions, to lift up their price, but due to the different market strategy, or differentiation is more serious, in 100 to $300 per TEU. July 3, Shanghai export to Australia base port market freight rate (shipping and shipping fee) is $428 per TEU, compared with the previous rose sharply 48.6%.

Persian gulf, as the market into the "Ramadan", cargo performance more insipid. Due to the market outlook is expected to see light, most of the carriers in order to maintain their market share, continue to delay or perform early rate rose slightly plan, market freight rate a weak recovery. July 3, basic port of Shanghai export to the gulf market freight rate (shipping and shipping fee) is $503 per TEU, only 2.4% up compared with the previous.

Japan airlines, cargo slightly rebounded this week, Shanghai shipping space utilization rate around sixty percent on average, the market rate basically stable. July 3, China's exports to Japan airlines freight index 633.27.