The Shanghai Stock Exchange announced today (15) the latest SCFI composite index (Shanghai Export Container Freight Index), showing a 13th consecutive drop to 4,228.65 points, down 35.01 points from last week, hitting the lowest point since August last year. The freight forwarder pointed out that since more goods have been shipped to ports other than Shanghai recently, the CCFI index (China Export Container Freight Index) can be referred to, which rose slightly by 0.3% from last week to 3128.45 points, indicating that the demand for shipping is still relatively high. .
According to CCFI, due to the fact that the port congestion has not been eased quickly, and the demand for shipments to be maintained following China’s exports have been transferred to the port, among the three long-haul routes, the freight rate of the US West Line rebounded 2.9% this week, and the freight rate of the US East Line also increased by 1.5%. %, only the European line continued to decline by regarding 0.7%.
SCFI has been slowing down since the first quarter. Although some goods have been diverted to ports other than Shanghai due to the impact of the epidemic, the legal person still mentioned that the resurgence of the epidemic in China and the implementation of mandatory clearing have made it difficult for manufacturers to ship goods, which will indeed affect the performance of the shipping industry in the short term. The second quarter is expected to be the year’s earnings low for the maritime industry as the manufacturing sector slumps.
However, as China is bound to unblock in the future, the legal person expects that the goods that have been delayed in the first half of the year will be actively rushed for shipment in the second half of the year, especially since May, the new long-term price negotiation for the US line will start, and the high freight rate and high volume of goods are expected to further increase. boosted shipping performance.
