集运欧线数据日报-20250425

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Report's Core View - The European container shipping line (EC) is operating weakly, with the 06 contract closing at 1358.4 points, a decline of 9.40%. Spot freight rates continue to be weak, and shipping companies' price cuts have intensified market pessimism about May and June freight rates. The 06 contract has basically followed the decline of spot freight rates and is now at a discount to the 04 contract [1]. - Under the influence of factors such as the regular recovery of cargo volume, the overflow of capacity from the US line, limited capacity control by shipping companies, and tariff policies, the central freight rate for large containers in early May has dropped below $2000. The market is pessimistic about May and June freight rates, but there are still expectations for the peak seasons in July and August. In the current weak reality, there is a lack of upward driving force, and caution is also exercised in terms of space [1]. - The current point of contention lies in the performance of the peak season. The market has become insensitive to shipping companies' price increases, and it is necessary to see the arrival of the inflection point of peak - season cargo volume. It is expected to continue the weak and volatile trend in the short term. Before the post - ponement of the peak - season point is falsified, the 06 - 08 reverse spread can continue to be monitored [1]. 3. Summary by Relevant Catalogs EC Contract Volume and Price | Contract | Latest Transaction Price (Points) | Latest Increase/Decrease (%) | Trading Volume | Open Interest (Unilateral) | Long Positions (Top 20 Members) | Short Positions (Top 20 Members) | Net Long Positions (Top 20 Members) | | --- | --- | --- | --- | --- | --- | --- | --- | | EC2504 | 1439 | - 0.42 | 87 | 909 | 743 | 824 | - 81 | | EC2506 | 1358.4 | - 9.40 | 86705 | 44468 | 24379 | 25911 | - 1532 | | EC2508 | 1577 | - 6.93 | 34562 | 33302 | 21679 | 22592 | - 913 | | EC2510 | 1299.6 | - 3.88 | 10589 | 16862 | - | - | - | | EC2512 | 1465 | - 4.06 | 2667 | 4248 | - | - | - | | EC2602 | 1304 | - 3.43 | 1116 | 2806 | - | - | - | | Total | - | - | 135726 | 102595 | 46801 | 49327 | - 2526 | [1] Latest Spot Freight Rates - European Routes | Indicator | Latest Period | Month - on - Month Increase/Decrease | Previous Period | Month - on - Month Increase/Decrease | Two Periods Ago | Month - on - Month Increase/Decrease | | --- | --- | --- | --- | --- | --- | --- | | Spot Index (Weekly) - SCFIS (Points) | 1508.44 | 7.6% | 1402.35 | - 1.4% | 1422.42 | - 3.5% | | SCFI ($/TEU) | 1316 | - 2.9% | 1356 | 1.5% | 1336 | 1.4% | | Spot Freight Rate (Daily) - TCI(20GP) ($/TEU) | 1441 | 0.0% | 1441 | - 1.1% | 1457 | - 1.3% | | Spot Freight Rate (Daily) - TCI(40GP) ($/FEU) | 2281 | - 1.4% | 2315 | - 1.9% | 2359 | - 1.3% | [1] Spot Market Data - Shipping Capacity and Related Information | Category | Details | Value | | --- | --- | --- | | Capacity - Asia - Europe Route Capacity Deployment (TEU) | - | 500628 | | Capacity - Increase in Asia - Europe Route Capacity Deployment (TEU) | - | 0 | | Capacity - Idle Capacity Ratio (%) | Global | 1.8 | | Capacity - Idle Capacity Ratio (%) | 17000TEU+ Container Ships | 0.9 | | Capacity - Idle Capacity Ratio (%) | 12000 - 16999TEU Container Ships | 0.6 | | Capacity - Idle Capacity Ratio (%) | 8000 - 11999TEU Container Ships | 1.5 | | Speed - Average Speed of Container Ships (Knots) | - | 13.98 | | Speed - Average Speed of 17000TEU+ Container Ships (Knots) | - | 15.4 | | Speed - Average Speed of 12000 - 16999TEU Container Ships (Knots) | - | 15.11 | | In - Port Capacity (10,000 TEU) | Rotterdam | 27.75 | | In - Port Capacity (10,000 TEU) | Hamburg Port | 11.73 | | In - Port Capacity (10,000 TEU) | Singapore | 35.78 | | Bypass Situation - Number of Ships Passing Through the Gulf of Aden (Vessels) | - | 7 | | Bypass Situation - North - bound Traffic Volume of the Suez Canal (Vessels) | - | 4 | | Bypass Situation - South - bound Traffic Volume of the Suez Canal (Vessels) | - | 2 | | Time - Charter Rates (6 - 12 months) - 9000TEU ($/day) | - | 106000 | | Time - Charter Rates (6 - 12 months) - 6500TEU ($/day) | - | 73500 | | Time - Charter Rates (6 - 12 months) - 2500TEU ($/day) | - | 33750 | [4]