集运早报-20250520

1. Report Industry Investment Rating - No information provided in the given documents. 2. Core Viewpoints of the Report - The report presents comprehensive data on EC futures contracts, including prices, price changes, trading volumes, and open interest. It also provides information on shipping capacity arrangements, recent European line quotes, and relevant news in the shipping industry, such as tariff adjustments and Middle - East situation updates [2][3][4]. 3. Summary by Relevant Catalogs EC Futures Contracts - Price and Change: Different EC futures contracts (EC2506 - EC2604) have varying closing prices and percentage changes. For example, EC2506 closed at 17722 with a 5.18% increase, while EC2604 closed at 1249.0 with a 0.59% increase [2]. - Volume and Open Interest: Trading volumes and open interest also differ among contracts. EC2506 had a trading volume of 71025 and an open interest of 28322, with a decrease of 5885 in open interest [2]. - Month - to - Month Spread: The spreads between different contract months show different trends. For instance, the spread between EC2506 - 2508 was - 615.7, with a day - on - day change of - 20.7 and a week - on - week change of - 184.9 [2]. Shipping Capacity Arrangements - In May and June 2025 (tentatively), the average weekly shipping capacity is 30.3 and 30.5 million TEU respectively. OA added two sailings cancellations in week 23, and PA added one in week 24 [2]. European Line Quotes - MSC's June opening quote is 2640 US dollars. Quotes in the second half of May decreased month - on - month, landing at around 1200 - 1250 points at the end of May. In June, except for MSK, other shipping companies announced price increases, with an average of 3000 US dollars (equivalent to 2050 points on the disk). MSK's Japan - Europe base cabin quotes before June were 1500 US dollars and it recently announced a price increase for the local line freight [3]. Shipping News - Tariff Adjustment: Starting from May 14 for 90 days, the US tariff rate on China will drop from 145% to 30%, and China's tariff rate on the US will drop from 125% to 10%. Additionally, a 24% reciprocal tariff will be exempted for 90 days. The US also adjusted the ad - valorem tariff rate for small parcels worth less than 800 US dollars from 120% to 54% and maintained a 100 - dollar specific tariff per item [4][5]. - Middle - East Situation: Hamas officials stated that reports of releasing Israeli detainees in exchange for a two - month cease - fire were false. As of May 19, cease - fire negotiations had made no progress, with differences between Israel and Hamas on the terms of releasing detainees [5]. Shipping Indexes - Multiple shipping indexes are presented, including SCFI, CCFI, NCFI, TCI, FBX11, WCI, and XSI - C. Their values, changes, and historical trends are shown. For example, the SCFI on May 16 was 1154 US dollars/TEU, with a 0.60% decrease from the previous period [2].