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    Weekly Commentary on China Containerized Transportation

    2016-11-19 09:17:29LiuZijia
    航運(yùn)交易公報(bào) 2016年4期

    Liu Zijia

    China export box transport market sees transport demand have a firm growth. On Jan.15, China (Export) Containerized Freight Index (CCFI) issued by Shanghai Shipping Exchange (SSE) quotes 770.86 points, up by 4.9% from one week ago. Impacted by the oversupply of capacity, market participants hold negative attitude towards the post market, causing booking rate in many services slip. On Jan.15, Shanghai (Export) Containerized Freight Index (SCFI) issued by SSE has a week-on-week slip of 8.8% to 680.22 points.

    Transport demand is weak to increase in the Europe service. The average slot utilization rate in the Europe service tumbles to be around 90%; the average slot utilization rate in the Mediterranean service hovers between 90% and 95%, with spot rate declining depressively. On Jan.15, freight rate in the service from Shanghai to Europe and Mediterranean (covering seaborne surcharges) quote USD740/TEU and USD869/TEU, diving by 20.6% and 15.0% from last week. On Jan.15, freight rates in the services from Shanghai to Europe and Mediterranean (covering seaborne surcharges) quote USD740/TEU and USD869/TEU, tumbling by 20.6% and 15.0% from one week ago respectively.

    U.S. economy has a stable growth, and as residents consumption increases, transport demand rises overall in the North America service. In the USEC service, the average slot utilization rate keeps above 95%, with spot rate start to slide. In the USWC service, the oversupply of capacity goes worsen, and the average slot utilization rate falls to below 90%, with spot rate slip larger than that in the USEC service. On Jan.15, freight rates in the USWC and USEC services (covering seaborne surcharges) quote USD1417/FEU and USD2457/FEU, falling by 5.4% and 3.3% from one week ago respectively.

    Cargo volume keeps stable in the Australia/New Zealand service, where the average slot utilization rate slips to around 80%, with some even only 70%. Spot rate begins to slide after increasing. On Jan.15, freight rate in the Shanghai-Australia/New Zealand service (covering seaborne surcharges) quote USD640 per TEU, having a week-on-week decrease of 13.9%.

    Transport demand in the Persian Gulf service performs weak, the average slot utilization rate keeps around 80%, with spot rate declining. On Jan.15, freight rate in the Shanghai-Persian Gulf service (covering seaborne surcharges) quotes USD385/TEU, falling by 16.7% from last week.

    In the South America service, the average slot utilization rate in this service slips to around 70%, with some even below 50%. On Dec.15, freight rate in the Shanghai-South America service (covering seaborne surcharges) quotes USD203/TEU, tumbling by 27% against one week ago.

    Cargo volume keeps increasing in the Japan service, where the average slot utilization rate bounds to be above 65%, with spot rate rising firmly. On Jan.15, freight index in the China-Japan service quotes 622.76 points, up by 0.5% from one week ago.

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

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