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集运早报-20250709
Yong An Qi Huo·2025-07-09 07:33
  1. Report Industry Investment Rating - No relevant information provided. 2. Core View of the Report - The shipping capacity in July and August 2025 is expected to put significant downward pressure on subsequent freight rates, as the shipping volume is gradually entering a downward period while the shipping capacity in the first week of August is as high as 340,000 TEU [1]. 3. Summary According to Related Catalogs 3.1 Futures Contract Price and Spread - EC2508 had a previous settlement price of 2006.2, a change of 6.23%, a basis of 251.8, a previous trading volume of 57,664, a previous open interest of 35,057, and an open interest change of 536. Other contracts (EC2510 - EC2606) also have their respective price, spread, volume, and open - interest data [1]. - The month - to - month spreads such as EC2508 - 2510, EC2510 - 2512, and EC2512 - 2602 showed different changes compared to the previous days and weeks [1]. 3.2 Spot Freight Rate Index - The Terdar index on July 7, 2025, was 2258.04 yuan, with a month - on - month increase of 6.35%. SCFI (European Line) on July 4, 2025, was 2101 dollars/TEU, up 3.50%. CCFI was 1694.3, up 3.27%. NCFI was 1442.46 points, down 0.03%. TCI on July 8, 2025, remained unchanged at 1019.55 points [1]. 3.3 Shipping Capacity Arrangement - The average weekly shipping capacity in July and August 2025 is 295,000 and 313,000 TEU respectively. The second week of July had neutral cargo intake with no over - booking. The third - week capacity was 320,000 TEU, the fourth - week capacity was 290,000 TEU, and the first - week capacity in August was 340,000 TEU [1]. 3.4 Recent European Line Quotations - Downstream customers are currently booking spaces for mid - July (week 28 - 29). The freight rate in early July (week 27 - 28) was around 3380 US dollars (equivalent to 2350 points). In late July, shipping company quotations were generally stable, with MSK offering a flat rate of 2950 US dollars. The current quotation range is 2950 - 3850 US dollars, with an average of 3500 US dollars (equivalent to 2500 points) [2].