Lates News

According to the Shanghai Shipping Exchange, the container shipping market in China was mostly stable this week, with prices falling on most routes, dragging down the composite index. The lack of further growth momentum in demand and the lack of support from supply and demand fundamentals in the European route has led to a continued adjustment in market prices. Demand for transportation on the North American route remains stable, pushing market prices higher. Demand for transportation on the Persian Gulf route is weak, leading to a continued decline in market prices. Overall, demand for transportation on the Australia-New Zealand route remains stable, with market prices continuing to adjust after a sustained increase. Demand for transportation on the South American route is weak, with the supply and demand balance not ideal, leading to a decline in market prices.