Lates News

The weekly report on the Chinese export container transportation market released by the Shanghai Shipping Exchange on May 24 showed that this week, the Chinese export container transportation market continued to show an improving trend, with most of the long-haul routes maintaining an upward trend in freight rates, driving the comprehensive index higher. According to the latest data released by the National Bureau of Statistics, the value added of industrial enterprises above a designated size in April increased by 6.1% year-on-year, indicating that the Chinese economy has strong resilience and continues to maintain stable growth. The Shanghai Export Container Comprehensive Freight Index released by the Shanghai Shipping Exchange on May 23 was 1586.12 points, up 7.2% from the previous period. The demand for transport on the North American routes remains high, and overall transport capacity has not fully recovered, leading to continued increase in market freight rates. On May 23, the market freight rates (including shipping and surcharges) from Shanghai Port to the West Coast and East Coast of the United States were $3275/FEU and $4284/FEU respectively, up 6.0% and 5.3% respectively from the previous period.