Report Industry Investment Rating - No relevant information provided Core Viewpoints - The EC of container shipping to Europe rebounded during the session, with the 08 contract closing at 2100.2 points, a slight increase of 0.76%. CMA CGM took the lead in announcing an increase in the peak - season surcharge (PSS) for the Asia - Europe route, indicating the shipping companies' intention to raise and support prices during the traditional peak season, so there is no need to be overly pessimistic about the peak season [1]. - MSC has announced a price increase notice for the second half of June, with the 40 - foot container quoted at $3900, higher than the current average price of about $1400 in the first half of the month. Although the full implementation probability is low, it is expected to further push up freight rates under the relatively low capacity deployment in the second and third weeks of June [1]. - The 06 contract has basically entered the delivery logic, with limited expected actual fluctuations. The 08 contract will continue to be anchored to the actual progress of the peak season on the European route, and it also prices in the freight rate decline after the peak season in August. The current market valuation is relatively neutral, and it is recommended to continue to pay attention to the low - level long - allocation opportunities after the market returns to the actual anchor [1]. Summary by Related Catalogs EC Contract Volume and Price - EC2506: The latest成交价 is 1894.1 points, with a daily increase of 3.02%. The trading volume is 5349 (a decrease of 2006 compared to the previous period), and the unilateral open interest is 10553 (a decrease of 484 compared to the previous period). The net long position of the top 20 members is - 516 [2]. - EC2508: The latest成交价 is 2100.2 points, with a daily increase of 0.76%. The trading volume is 86405 (a decrease of 16342 compared to the previous period), and the unilateral open interest is 45769 (an increase of 3945 compared to the previous period). The net long position of the top 20 members is - 489 [2]. - EC2510: The latest成交价 is 1339 points, with a daily decrease of 2.31%. The trading volume is 14689 (a decrease of 92 compared to the previous period), and the unilateral open interest is 23789 (an increase of 662 compared to the previous period). The net long position of the top 20 members is 0 [2]. - EC2512: The latest成交价 is 1539.3 points, with a daily decrease of 0.18%. The trading volume is 1729 (an increase of 20 compared to the previous period), and the unilateral open interest is 4587 (an increase of 177 compared to the previous period) [2]. - EC2602: The latest成交价 is 1358.8 points, with a daily decrease of 1.56%. The trading volume is 632 (a decrease of 285 compared to the previous period), and the unilateral open interest is 2736 (a decrease of 47 compared to the previous period) [2]. - EC2604: The latest成交价 is 1181.9 points, with a daily decrease of 2.62%. The trading volume is 884 (an increase of 146 compared to the previous period), and the unilateral open interest is 3405 (an increase of 122 compared to the previous period) [2]. Latest Spot Freight Rates - European Routes - Weekly spot index: The SCFIS is 1252.82 points, with a week - on - week increase of 0.5%. The SCFI is $1587/TEU, with a week - on - week increase of 20.5% [4]. - Daily spot freight rates: The TCI (20GP) is $1712/TEU, with a day - on - day increase of 14.6%. The TCI (40GP) is $2727/FEU, with a day - on - day increase of 13.4% [4]. Basis Spread - The basis of the previous trading day was - 847.38 points, and the basis of the day before the previous trading day was - 828.25 points, with a change of - 19.13 points [6]. Spot Market Data - Capacity: The capacity deployment on the Asia - Europe route is 511336 TEU, a decrease of 1405 TEU compared to the previous period. The idle capacity ratio is 1.9%. The idle capacity ratios of container ships of 17000TEU +, 12000 - 16999TEU, and 8000 - 11999TEU are 1.3%, 0.9%, and 1.4% respectively [7]. - Speed: The average speed of container ships is 13.88 knots. The average speed of 17000TEU + container ships is 15.65 knots, and that of 12000 - 16999TEU container ships is 15.37 knots [7]. - In - port capacity: The in - port capacity in Rotterdam is 18.77 million TEU, in Hamburg is 7.92 million TEU, and in Singapore is 35.02 million TEU [7]. - Bypass situation: The number of ships bypassing the Aden Gulf is 16. The north - bound traffic volume through the Suez Canal is 2, and the south - bound traffic volume is 2 [7]. - Time charter rates: For 6 - 12 months, the time charter rate for 9000TEU is $103000 per day, for 6500TEU is $68000 per day, and for 2500TEU is $34500 per day [7].