集运欧线数据日报-20250418

Report Summary 1. Investment Rating - No investment rating information is provided in the report. 2. Core View - The European container shipping line (EC) opened low and fluctuated, with the 06 contract closing at 1555.2 points, down 1.67%. After the fermentation of the global trade demand recession expectation under the influence of Trump's tariff policy, the expected node of the traditional seasonal peak season for the European line has been postponed, and the space is limited. Maersk continued to offer a large container quote of $1800 in the first week of May, using the quote at the end of April. In the second week of May, the large container quote was slightly reduced by $50 to $1750. Both HMM and ONE reduced their large container quotes starting from the 17th week to below $2000. The average large container quote at the beginning of May was around $2100, slightly lower than the current average quote at the end of April. The possibility of a peak season inflection point in early May is small, and the market is cautious about the peak season space expectation. Currently, the start of the festival stocking season for the European line has not been seen, and with more shipping capacity supply from shipping companies in the second half of May, the short - term EC may continue to fluctuate at a low level. Attention should be paid to the subsequent capacity regulation and price increase progress of shipping companies [1]. 3. Summary by Relevant Catalogs EC Contract Volume and Price - EC2504: The latest成交价 is 1428.9 points, down 0.31%. The trading volume is 81, and the open interest on one side is 1158. The net long position of the top 20 members is - 92 [1]. - EC2506: The latest成交价 is 1555.2 points, down 1.67%. The trading volume is 66899, and the open interest on one side is 36947. The net long position of the top 20 members is - 1261 [1]. - EC2508: The latest成交价 is 1646 points, down 0.87%. The trading volume is 20099, and the open interest on one side is 30775. The net long position of the top 20 members is - 912 [1]. - EC2510: The latest成交价 is 1314.8 points, up 0.40%. The trading volume is 6862, and the open interest on one side is 16254 [1]. - EC2512: The latest成交价 is 1465.2 points, down 0.36%. The trading volume is 1041, and the open interest on one side is 3789 [1]. - EC2602: The latest成交价 is 1315.9 points, up 0.88%. The trading volume is 543, and the open interest on one side is 2765 [1]. - Total: The total trading volume is 95525, and the total open interest on one side is 91688. The net long position of the top 20 members is - 2265 [1]. Latest Spot Freight Rates - European Routes - Weekly Spot Index: The SCFIS is 1402.35 points, down 1.4%; SCFI is $1356/TEU, up 1.5% [1]. - Daily Spot Freight Rates: TCI(20GP) is $1564/TEU, unchanged; TCI(40GP) is $2538/FEU, unchanged [1]. - Basis Spread: The basis spread on the previous trading day was - 152.85 points, a change of - 14.6 points compared with the day before [1]. Spot Market Data - Shipping Capacity - Capacity Allocation: The capacity allocation on the Asia - Europe route is 489606 TEU, a decrease of 1000 TEU. The idle capacity ratio is 2.0%. For different types of container ships, the idle capacity ratios of 17000TEU +, 12000 - 16999TEU, and 8000 - 11999TEU container ships are 1.3%, 0.2%, and 2.4% respectively [4]. - Average Speed: The average speed of container ships is 14.01 knots, and the average speeds of 17000TEU + and 12000 - 16999TEU container ships are 15.65 and 15.41 knots respectively [4]. - Capacity in Port: The capacity in port in Rotterdam is 24.590,000 TEU, in Hamburg is 9.870,000 TEU, and in Singapore is 34.750,000 TEU [4]. - Routing Situation: The number of ships passing through the Gulf of Aden is 7, the north - bound traffic volume of the Suez Canal is 4, and the south - bound traffic volume is 3 [4]. - Time Charter Rates: The time charter rates for 9000TEU, 6500TEU, and 2500TEU ships are $106000, $73500, and $33750 per day respectively [4].