Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core Viewpoint The prices of all monthly contracts of the Container Shipping Index (European Line) futures opened lower and fluctuated. By the close, the prices of all EC contracts declined. The futures prices dropped as expected following the decline in the spot cabin quotes on the European line, especially Maersk's new weekly cabin opening quotes. For the future, it is more likely that EC will continue to fluctuate or decline slightly [1]. 3. Summary by Relevant Content EC Risk Management Strategy - For those with available cabin space but full shipping capacity or poor booking volume, worried about falling freight rates, it is recommended to short the container shipping index futures to lock in profits. The recommended entry range for selling EC2510 is 1350 - 1450 [1]. - For those hoping to book cabins based on order situations due to increased blank sailings by shipping companies or approaching peak season, it is recommended to buy the container shipping index futures to lock in booking costs. The recommended entry range for buying EC2510 is 1150 - 1250 [1]. Market Information - Likely Positive Factors: The US Federal Circuit Court of Appeals ruled that most of the global tariff measures implemented by former President Trump were illegal. MSC plans to adjust the shipping capacity on the Asia - Europe route from the 39th to the 41st week, canceling a total of four voyages. Maersk increased the quotes for some newly added cabins in early September [2]. - Likely Negative Factors: MSK's new weekly cabin opening quotes continued to decline, and the quotes of MSC and Hapag - Lloyd for spot cabins on the European line in early September continued to fall [3]. Data Analysis - EC Basis and Price Spread: The basis, daily and weekly changes of different EC contracts on September 4, 2025, are provided, along with the closing prices, daily and weekly price changes, and price spreads between different contracts [4]. - Shipping Quotes: Maersk's shipping quotes from Shanghai to Rotterdam for different container types and departure dates in September are given, showing some increases and decreases. MSC's quotes for the next two weeks decreased, and Hapag - Lloyd's average quotes for the past three weeks also declined [6]. - Global Freight Index: The latest values, previous values, changes, and change rates of multiple global freight indexes, including SCFIS, SCFI, XSI, and FBX, are presented [7]. - Port Waiting Time: The waiting times at major global ports on September 3, 2025, compared with the previous day and the same period last year, are provided, including Hong Kong, Shanghai, Yantian, Singapore, Jakarta, Long Beach, and Savannah ports [14]. - Ship Speed and Waiting Vessels: The average speeds of different types of container ships on September 3, 2025, compared with the previous day and the same period last year, and the number of container ships waiting at the Suez Canal port anchorage are given [22].
集装箱运输市场日报:现舱报价引领期价下行-20250904