Shanghai Shipping Exchange: Geopolitical tension remains high, with most freight rates continuing to rise.

The Shanghai Shipping Exchange released the weekly report on the Chinese export container transportation market. This week, the Chinese export container transportation market continues to face tense geopolitical situations, with most of the ocean shipping routes experiencing increasing freight rates, leading to a rise in the comprehensive index. On April 3rd, the Shanghai export container comprehensive freight index was 1854.96, up 1.5% from the previous period. In particular, the Persian Gulf route continues to be severely affected by military conflicts in the Middle East region, leading to a stagnant market situation with limited transactions. Freight rates continued to rise this week. On April 3rd, the market freight rate from Shanghai Port to the Persian Gulf basic port was $3977/TEU, up 6.7% from the previous period.