Chinese export container transportation market weekly report (2016.2.19)

After the market demand decline routes freight rates decline
The Lunar New Year holiday after one week, Chinese export container transportation market overall market downturn. Owing to the transportation demand during the festival seasonal trough, although most shipping companies continue to implement capacity contraction measures, but supply shortage situation still lead to for in the need of the situation intensified, routes freight rate of market into one step lower. February 19, issued by the Shanghai Shipping Exchange, China export container freight index for 762.51, down 1.3% compared with the previous period, Shanghai Containerized Freight Index for 486.70, compared with the previous period fell 14.2%.
Europe route, post holiday volume downturn. On one hand, the majority of domestic production enterprises have not yet fully restart, export supply is obviously insufficient, on the other hand, the recent euro zone economy remains lackluster. In February, eurozone consumer confidence index estimated initial value of – 6.6, the final value of the previous month fell 0.3, reflect local residents consumption remains sluggish, drag on European airline transport demand recovery is slow. Although the majority carriers continued during the long holiday capacity contraction plan and class, withdrawal line, boat for a ship measures the intensity does not reduce, but for large in a required condition still expanding, most cruises loading rate is less than section level. Kam on fundamentals are weak, most carriers as a stable source continue down the market price, part of the voyage of the lowest tariffs even down to about $200 / TEU. February 19, China’s exports to Europe and the Mediterranean route freight index respectively 795.34, 812.55, respectively over the previous period fell 5.6%, 10.0%. It is reported that some carriers interested in early 3 launched a new round of price plans, as the market outlook and amplitude.
North American routes, with the section stockpiling has shipped, the transport needs of the festival in the first week also enters trough, but benefit for most shipping companies started to increase temporarily suspended the efforts, Spanish American war, the eastern ship average cabin seat or berth utilization rate remained at 80%. Price, subject to market of short-term volume growth is expected to bearish impact, market price competition is becoming increasingly fierce, America services part of the voyage of the lowest tariffs dropped to 900 U. S. dollars / feu, eastern route the lowest price has fallen below 2000 dollars / feu. February 19, Shanghai exported to American, eastern Hong Kong freight (shipping and marine surtax) for $1070 / feu, 2074 dollars / feu, respectively over the previous period fell 19.0%, 11.4%, a record since the beginning of this year the lowest value.
Route to the Persian Gulf, and the amount of goods this week continued to decline, most carriers into one step increase temporarily suspended efforts, ship average cabin seat or berth with the rate of decline to around 75%, freight market continued to decline. February 19, Shanghai outlet to the Persian Gulf for Hong Kong freight (shipping and marine surtax) for $261 / TEU, compared with the previous period fell 5.4%.
ANZ route, preganglionic stockpile has been basically clearing. This week the volume dropped significantly, most carriers continue section capacity contraction measures, but to no avail, the imbalance between supply and demand continue to expand, market freight rates low dip. February 19, Shanghai exported to Australia and New Zealand for Hong Kong freight (shipping and marine surtax) for $440 / TEU, compared with the previous period dropped to 8.1%.
South America route. East coast markets by Brazil and other major economies, the recession is expected to affect, postganglionic goods volume one step into decline, part of air business plan withdrawal line, freight rate of market of low volatility; west bank market volume decline is relatively slow, ship average cabin seat or berth using rate of about 85% in, the market price fell to $600 / TEU. In February 19th, Chinese exported to South America route freight index was 406.20 points, down 12% compared with the previous period.
Japan routes, after volume declined sharply, the imbalance between supply and demand expansion. In February 19th, Chinese exports to Japan route freight index was 643.86 points.