Shanghai Shipping Exchange: Geopolitical situation tends to stabilize and different routes continue to differentiate.

The Shanghai Shipping Exchange released its weekly report on the Chinese export container transportation market, showing that the future situation in the Middle East conflict still faces significant uncertainty. This week, the overall Chinese export container transportation market remained stable, with different route freight rates continuing to diverge and the composite index slightly decreasing. On April 17, the Shanghai export container comprehensive freight index was 1886.54 points, a decrease of 0.2% from the previous period. In the Persian Gulf route, the military conflict in the Middle East continues to maintain a ceasefire, and the geopolitical situation is gradually stabilizing. However, transportation through the Strait of Hormuz still faces significant uncertainty. On April 17, the market freight rate from Shanghai Port to the Persian Gulf basic port was $4031/TEU, a decrease of 3.3% from the previous period.