Shanghai Shipping Exchange: The export container transportation market continues to improve, with most shipping routes experiencing price increases.

On May 24, the China Export Container Shipping Market Weekly Report released by the Shanghai Shipping Exchange showed that this week, the Chinese export container shipping market continued to show improvement, with most of the long-haul routes seeing an increase in freight rates, driving the composite index upwards. According to the latest data released by the National Bureau of Statistics, the value added of industrial enterprises above a designated size increased by 6.1% year-on-year in April, demonstrating that the Chinese economy has strong resilience and continues to maintain stable growth. On May 23, the Shanghai Shipping Exchange released the Shanghai Export Container Comprehensive Freight Index at 1586.12 points, up by 7.2% from the previous period. Demand for transportation on the North American route remains high, with overall capacity still not fully recovered, leading to a further increase in market freight rates. On May 23, the market freight rates from Shanghai Port to the basic ports in the US West and East were $3275/FEU and $4284/FEU, up by 6.0% and 5.3% respectively from the previous period.