Weekly Commentary on China Containerized Transportation

Zhu+Pengzhou

In the week ending March 13， China export box market transport goes on the recovery period， and freight rate in the whole market tends to be stable.

On March 13， China （Export） Containerized Freight Index （CCFI） issued by Shanghai Shipping Exchange （SSE） quotes 1067.94 points， keeping in line with that in last week. As the recovery operation in many ocean-going services， freight rate falls and booking rate in the spot rate dives remarkably. On March 13， Shanghai （Export） Containerized Freight Index （SCFI） issued by SSE dived 7.6% from one week ago to 887.61 points.

In the Europe service， transport demand rebounds but still not better than that before the Spring Festival. In order to firm fright rate， part of box liners have to limit capacity， leading to the average slot utilization rates in the Europe and Mediterranean services around 70%. Considering that the whole transport demand is weak， most box liners decide to extend freight rate plan from mid March to early April， with spot rate declining depressive.

On March 13， freight indexes in the services from China to Europe and Mediterranean quote 1301.22 points and 1468.35points， down by 1.2% and 5.0% from one week.

In the North America service， the strong economy recovery boosts cargo volume having a better perform than that in other services. In the USWC service， as the retrieve of port congestion and the launch of mega vessels， capacity has a rapid expansion， leading the average slot utilization rate at around 80%.

In the USEC service， owing to the utilization rate and the freight rate keep at a relatively high level，  excess vessels are put into operation by part box liners， causing the average slot utilization rate in this service at above 90%. Spot rate reduces slightly.

On March 13， freight rate in the services from Shanghai to USWC and USEC services （covering seaborne surcharges） quote USD1835 per FEU and USD4569 per FEU， falling by 4.5% and 3.6% from last week.Cargo volume performs flat in the Australia/New Zealand service， although box liners shrink 30% capacities by carrying out limit measures in successions， the oversupply of capacity fails to be changed reversely， with spot rate diving.

On March 13， freight index in the China-Australia/New Zealand service quotes 786.51 points， down by 0.9% from one week ago.

In the South America service， Brazilian economy has not been improved for a long time. Cargo volume performs unsatisfactorily， and box liners have to extend freight rate increase plan， leading spot rate keeping declining.

On March 13， freight rate in the Shanghai to South America service （covering seaborne charge） quotes USD656 per TEU， falling by 7.1% from last week.

Cargo volume in the Japan service increases as the recovery of services， and the average slot utilization rate in this service keeps around 50%.

On March 13， freight index in the China to Japan service quotes 704.49 points， up by 1.4% from one week ago.

（Please contact the Information Dept of SSE for more details.）

SHIPPING EXCHANGE BULLETIN

TOTAL EDITION： 924

24/3/2015

CONTENT FOR THIS WEEK

Port Pricing Return to Market

What Makes Maersk Shippings Profit Far beyond Reach

Rongsheng Heavy Industries Group Is Now in Decline

The Embarrassment Hidden the Dazzing World Voyage

by Cruise

LNG Carriers Go snailing on the Way

Japanese Companies Dont Care for Number of

Shipbuildingendprint