Workflow
集运早报-20250718
Yong An Qi Huo·2025-07-18 02:01

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The downstream is booking space for the second half of July (week 29 - 30). Shipping companies' quotes for the second half of July are mostly stable, with a slight decrease in the last week of July (week 30). Spot prices are stable supported by shipping companies' base cargo, but there may be pressure in week 32 due to weakening cargo volume support [2]. - In July and August 2025, the average weekly capacity is 295,000 and 321,500 TEU respectively. The addition of a large ship on MSK's AE1 route in week 32 increases supply pressure, with the capacity reaching 330,000 TEU [1]. 3. Summary by Relevant Catalogs Futures Contracts - EC2508 closed at 2164.5 with a 0.53% increase, EC2510 at 1581.3 with a 1.05% decrease, EC2512 at 1756.3 with a 0.15% decrease, EC2602 at 1485.7 with a 1.52% increase, EC2604 at 1309.0 with a 2.20% increase, and EC2606 at 1432.1 with a 0.74% increase [1]. - For month - to - month spreads, EC2508 - 2510 was 583.2, EC2510 - 2512 was - 175.0, and EC2512 - 2602 was 270.6 [1]. Spot Indexes - The current index on July 14, 2025, was 2421.94 points, up 7.26% from the previous period. SCFI on July 11, 2025, was $2099/TEU, down 0.10% from the previous period. CCFI was 1726.41 points, up 1.90% from the previous period. NCFI was 1435.21 points, down 0.50% from the previous period. TCI was 1019.55 points, unchanged from the previous period [1]. Shipping Capacity - The average weekly capacity in July and August 2025 is 295,000 and 321,500 TEU respectively. In week 32, the capacity reaches 330,000 TEU due to MSK's additional ship on the AE1 route [1]. Quotes - In the second half of July, shipping companies' quotes for week 29 are around $3400. For week 30, HPL, CMA, OOCL, and MSC reduced quotes by about $200, with an average of $3300 (equivalent to 2300 points). MSK kept the quote for week 31 flat at $2900 - $3000 [2]. News - On July 17, Houthi rebels claimed to attack multiple targets in Israel, causing "flight disruptions". On July 18, significant progress was made in the Gaza cease - fire negotiations, with Israel making concessions for a 60 - day cease - fire. The US presidential hostage envoy said that an agreement with Hamas on releasing Israeli personnel was "closer than ever" [3].