Maritime Silk Road Index: Tariff reduction increases demand, North American route prices rise.

The Ningbo Export Container Freight Index, released by the Ningbo Shipping Exchange this week, closed at 1014.6 points, up 6.5% from the previous week. Among the 21 routes, 9 routes saw freight index increases, 10 routes saw decreases, and 2 routes remained relatively stable. Among the main ports along the "Maritime Silk Road", 9 ports saw increases in freight indices, 6 ports saw decreases, and 1 port remained stable. With the agreement on new tariffs between China and the United States, transportation demand has increased, leading shipping companies to announce freight rate increases. The freight index for the US East Coast route was 1455.0 points, up 21.5% from the previous week; the index for the US West Coast route was 1813.1 points, up 23.2% from the previous week. The freight index for the European route was 750.9 points, down 0.8% from the previous week; the Middle East route was 951.1 points, down 0.8% from the previous week; and the Mediterranean route was 1265.7 points, down 0.4% from the previous week.