Lack of transport demand rose gradually erode achievements

This week, China's export container transportation market is still struggling with the majority of routes lack of demand growth in the overall market volatility. On the one hand, by the shipping companies continue to push up the impact on ocean routes since the mid-market freight revenue rose slightly overall. December 26, the Shanghai Shipping Exchange, the market reflects the overall Chinese export container freight index was 1044.99 points, edged up 0.8 percent last week. On the other hand, put up tariffs after failing to get support from the market side of the volume, the majority of airline bookings spot prices declined. December 26, reflecting the spot market in Shanghai Containerized Freight Index was 1076.63 points, fell 3.9 percent last week.

European routes, market fundamentals in the doldrums, according to the latest Eurostat data showed the euro zone in the first three quarters of this year's gross domestic product (GDP) growth of 0.2 percent, 0.0 percent and 0.2 percent, economic growth is basically at a standstill, which The top three economies of Germany, France and Italy are underperforming, the OECD also predicted the eurozone economy this year will grow by only 0.8%. Meanwhile, the euro zone unemployment rate for several months to maintain the high level of 11.5%, unemployment continued to increase population, high unemployment on the spending power of the people has been suppressed, drag transport demand has picked up momentum. In addition, as is about to enter a new year, many shipping companies began to gradually adjust the route layout and capacity allocation, market oversupply is becoming apparent contradiction week average space utilization remained at Jiucheng. Continued downward pressure on freight, shipping companies in order to ensure their market share, the majority began to follow up the market trend to continue to lower tariffs. December 26, Shanghai exported to Europe, the Mediterranean base ports freight (shipping and maritime surcharge) is $ 1149 / TEU, 美元 1303 / TEU, respectively, last week fell by 6.6%, 6.4%.

North American routes, according to the US Commerce Department data released Dec. 23 showed US third quarter real GDP final value growth of 5.0%, large-than-expected 4.3 percent, the most since the third quarter of 2003 the largest increase. Mainly because of growth in consumer spending and business investment: consumer spending growth of 2.2% from the revised 3.2% growth in business fixed investment spending was revised from 7.1% to 8.9%, while in terms of equipment spending growth from 10.7 % 11.0% on the repair. Robust and active economic fundamentals of economic activity, market demand has laid a solid foundation. Shipping companies continue to push up their tariffs since mid, pushing up the overall tariff level routes. December 26, Chinese exports to the US West, US East Coast route freight index was 1000.28 points to 1381.80 points last week rose 1.9 percent, 0.5 percent. But America West flight by Southwest Harbor efficiency resulting decline in population affect labor negotiations, sources in the area were diverted to other ports in part, the impact of the transport needs of the region, part of the shipping companies to enhance the loading rate and relax tariffs, set the spot market cabin tariffs fall; US East Coast route continued tight space, multiple shifts in a week full of movement, good load factor in the level of support, the outcome can be put up prices of basic maintenance.

Persian Gulf, market demand remained stable, although some shipping companies on the route taken by the contraction capacity measures, but failed to significantly improve the route average space utilization levels, the market began to fall in freight rates was up after two weeks in a row. December 26, China's exports to the Persian Gulf basic port freight (shipping and maritime surcharge) is $ 877 / TEU, fell 4.9 percent last week.

Australia and new routes, transport demand market continues to slump, in order to improve the supply and demand relationship, Asia and Australia Freight Agreements (AADA) called on members to continue to take turns suspended execution plan, but poor implementation of the results, just barely average space utilization as 80% level, the market freight rates continue to fall. December 26, China's exports to Australia and new routes freight index 815.38 points, fell 1.3 percent last week.

Japan routes, volume continued to decline this week, Shanghai average space utilization rate fell to 50%. December 26, China's exports to Japan route freight index was 642.94 points, fell 2.4 percent last week.