Weekly Commentary on China Containerized Transportation

China export box transport market saw demand/supply condition went better， but freight rates in some routes slipped. On Nov.11， Shanghai （Export） Containerized Freight Index （SCFI） issued by Shanghai Shipping Exchange quoted 825.10 points， falling by 4.1% from one week ago.

European Economy kept recovering， which supported transport demand in the Europe route. Simultaneously， box liners still controlled space supply， and the average slot utilization rate remained around 95%. However， owing to the previous large increase fright rate began to decline this week. On Nov.11， freight rate in the Shanghai-Europe route （covering seaborne surcharges） quoted USD869/TEU， down by 4.8% against one week ago. In the Mediterranean route， since some box liners limit capacity supply， the whole space supply shrank， and the average slot utilization rate climbed to about 90%. Spot rate had a marginal slip. On Nov.11， freight rate in the Shanghai-Mediterranean route （covering seaborne surcharges） had a week-on-week decrease of 1.4% to USD728/TEU.

Transport demand increased in the North America route， where demand/supply condition kept stable since box liner were cautious on the market， and the average slot kept above 95%， with most full-loaded. Spot rate began to slip. On Nov.11， freight rate in the routes in the Shanghai to USWC and USEC quoted USD1809/FEU and USD2671/FEU， falling by 9.1%、4.4% from one week ago respectively.

Transport demand stopped growing in the Persian Gulf route， where some box liners carried out capacity limit measure to dampen demand/supply condition from deteriorating， and the average slot utilization rate sustained around 85%. Owing to the oversupply of capacity， spot rate kept falling. On Nov.11， freight rate in the Shanghai-Persian Gulf route （covering seaborne surcharges） had a week-on-week slip of 10% to USD441/TEU.

As the coming of traditional peak season， transport demand kept growing in the Australia/New Zealand route， and some even full-loaded. The average slot utilization rate climbed to around 95%， and spot rate continued to increase. On Nov.11， freight rate in the Shanghai-Australia/New Zealand route （covering seaborne surcharges） quoted USD973/TEU， up by 9.2% against the previous week.

Transport demand rose firmly in the South America route， where the whole capacity remained stable， demand/supply condition improved and the average slot utilization rate approached above 95%. Therefore， Spot rate went north. On Nov.11， freight rate in the Shanghai-South America route （covering seaborne surcharges） quoted USD2908/TEU， surging by 8.8% from last week.

Both cargo volume and spot rate kept stable in the Japan route. On Nov.11， freight index in the China-Japan route quoted 656.71 points， down by 0.3% comparing with one week ago.

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