Transportation demand overall steady stabilization of most freight routes

China's export container transportation market weekly report (2016.8.26)

This week, China's export container transport market overall demand steadily, some routes in the transportation market, supported by a small peak tariff trends stabilize. August 26, the Shanghai Shipping Exchange, China's export container freight index was 705.21 points over the previous period decreased slightly by 0.9%; Shanghai Containerized Freight Index was 596.38 points, essentially flat with the previous period.

European routes, the transportation market demand steadily, Shanghai average space utilization rate close to full tank. Due to strong market fundamentals, this month the remaining space booking price last week to stabilize. According to market sources, early September shipment space plan has begun to implement tariff increases, or about $ 300 ~ 400 / TEU. August 26, Shanghai exported to Europe for Hong Kong freight (shipping and maritime surcharge) is $ 695 / TEU, edged up 0.6% over the previous period. Mediterranean route, the momentum of the economic recovery in the region's major economies weakening influence, the volume performance and a big gap between market expectations, although some shipping companies suspended the measures taken, but the average space utilization rate is only maintained at about eighty percent. Due to the larger surplus space, shipping companies still take a sale strategy, market freight rates continued to decline. August 26, Shanghai exported to the Mediterranean base ports freight (shipping and maritime surcharge) is $ 553 / TEU, down 6.9% over the previous period, the largest decline this week on the route.

North American routes, according to the US Labor Department on the 24th to the latest data showed the US July non-farm sector added 255,000 jobs, significantly better than market expectations of 180,000. In addition, the United States in July the average hourly wage rose 0.3%, better than the expected 0.2%. Due to good economic fundamentals, the market steadily rising transport demand, America West, US East Coast route average space utilization rate were maintained at 95% level, the market showed signs of stabilizing freight rates. August 26, Shanghai exported to America West, US East base ports freight (shipping and maritime surcharge) are $ 1153 / FEU, USD 1684 / FEU, were essentially flat with the previous period.

Persian Gulf route, destination region's major economies slowing economic growth, the impact of transport demand recovery. Although the market is still a certain degree of capacity reduction, but failed to significantly improve market supply and demand, this week, Shanghai average space utilization rate edged up to 85%. Part shipping companies to enhance the level of freight routes start pushing tariffs up plans, but only a handful of followers, most shipping companies still maintain the original price, the market average tariff is now only slightly improved. August 26, Shanghai exported to Persian Gulf base ports freight (shipping and maritime surcharge) is $ 247 / TEU, increased by 7.4% over the previous period.

Australia-New Zealand route, the market volume is not now clear signs of recovery, Shanghai average space utilization rate fell to 90% or less. Due to poor market fundamentals, some shipping companies for tariff increases planned in early September still on the sidelines, the market rose slightly in booking freight shipping companies to push up a small part of the next. August 26, Shanghai exported to Australia and New Zealand Hong Kong market, the basic tariffs (shipping and maritime surcharge) is $ 361 / TEU, last week rose by 7.1%.

South American routes, transportation demand overall stable market, stable relationship between supply and demand, average space utilization rate remained at about 90%. Since the freight market after rising continuously since the second quarter has been high in recent years, most of the shipping companies to gain market share shift to policy, tariffs continue to consolidate this week. August 26, Shanghai and Hong Kong exports to the South American market basic tariffs (shipping and maritime surcharge) is $ 2711 / TEU, down 4.3% from last week.

Japan routes, this week, the volume of generally stable freight market remained stable. August 26, China's exports to Japan route freight index was 646.52 points, essentially flat with last week.