FICC日报：主要船司紧急燃油附加费公布，关注3月下半月运价修正情况

Pricing Trends - Maersk Shanghai-Rotterdam quotes for Week 13 are $1400/$2240, while HPL's quotes for late March range from $2735 to $4035 per FEU[1] - MSC's late March quotes are $1640/$2740, and ONE's range is $2590/$4035, with April prices at $2603/$4041[2] - CMA's quotes for late March are between $3193 and $5193 per FEU, while OOCL's range is $2280 to $4030 per FEU[3] Supply Dynamics - As of February 28, 2026, 27 container ships have been delivered, totaling a capacity of 174,232 TEU, with 6 ships in the 12000-16999 TEU range and 1 ship over 17000 TEU[4] - Expected deliveries for 2026 include 679,000 TEU (46 ships) in the 12000-16999 TEU range and 192,900 TEU (8 ships) for those over 17000 TEU[4] Market Conditions - The average capacity for China-Europe routes in March is 32.07 TEU, with weekly capacities ranging from 28.54 to 36.23 TEU[5] - Major shipping lines are implementing emergency fuel surcharges, with Maersk charging $400 per FEU and MSC $300 per FEU[6] Geopolitical Impact - The ongoing Iraq conflict has led to the complete shutdown of oil ports, although commercial ports remain operational, potentially affecting shipping rates[4] - The high geopolitical risk may influence shipping companies' pricing strategies and contract volatility, particularly for the EC2604 contract nearing delivery[7] Seasonal Demand Outlook - The demand for contracts in June and July is expected to remain strong, driven by limited supply and high year-on-year growth rates in container trade[8] - The Suez Canal's reopening is uncertain, which may further impact shipping dynamics and pricing in the upcoming months[8] Futures Market Activity - As of March 11, 2026, the total open interest for container shipping futures is 60,489 contracts, with daily transactions reaching 93,131 contracts[9] - The closing prices for various contracts range from $1,684.10 for EC2609 to $2,434.90 for EC2607, indicating a diverse pricing landscape[9]