Lates News

According to the Shanghai Shipping Exchange on September 19th, the export container shipping demand in China this week has been weak, leading to continued adjustments in freight rates in the long-haul market and an expansion of the comprehensive index. The transportation demand on European routes has shown weak growth, with the supply and demand balance not ideal and spot market booking prices continuing to decline. The transportation demand on North American routes has decreased compared to early September, with a lack of fundamental support and a significant fall in spot market booking prices. The transportation demand on Persian Gulf routes has been weak, leading to significant adjustments in spot market freight rates. The transportation demand on Australia-New Zealand routes is generally stable, with market freight rates continuing to decline. The transportation demand of South American routes has shown weak growth, with pressure on the supply and demand fundamentals leading to a continued decline in spot market booking prices.