Spot market is starting a rush to grab shipments, and the shipping index futures are bottoming out and rebounding.

Since May, the freight index futures have shown a significant rebound, with the main contract price accumulating a maximum increase of over 68% from the low point at the end of April, reversing the previous downtrend. Industry insiders say that recently, driven by expectations of macro events improving, the trade volume of American imports and exports has rebounded, improving the expectations of cargo transportation in the spot market, and short-term transportation demand in the shipping market. In addition, some shipping companies have announced an increase in shipping fees on American routes, which is a positive boost for the increase in shipping fees on European routes. However, after experiencing several failed price hikes in the past, the market is skeptical whether the price hike will ultimately succeed, so it is not advisable to have too high expectations for the spot freight rates on European routes.