Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The freight rate market is currently influenced by multiple factors. The spot freight rate expectations continue to decline as the price - holding actions of shipping companies have not fully materialized. The geopolitical conflict between Russia and Ukraine remains stalemated, but the German economy's better - than - expected performance boosts market confidence in the eurozone. Overall, the futures price is expected to experience more volatile fluctuations, and investors are advised to be cautious, pay attention to operation rhythm and risk control, and track geopolitical, shipping capacity, and cargo volume data in a timely manner. [1] 3. Summary by Relevant Catalogs Futures Disk - The closing price of the EC main contract decreased by 5.2, and the closing price of the EC secondary main contract decreased by 7.7 to 1358.2. The spread between EC2602 - EC2604 increased by 3.60 to 426.50, and the spread between EC2602 - EC2606 increased by 4.30 to 210.40. The EC contract basis decreased by 12.50 to 70.77. The main contract's open interest increased by 135 to 16096. [1] Spot Price - The SCFIS (European Line) (weekly) increased by 281.70 to 1639.37, while the SCFIS (US West Coast Line) (weekly) decreased by 130.57 to 1,107.85. The SCFI (Comprehensive Index) (weekly) decreased by 57.82 to 1393.56, and the container ship capacity increased by 0.11 to 1,227.97 (in ten thousand TEUs). The CCFI (Comprehensive Index) (weekly) increased by 28.76 to 1122.79, and the CCFI (European Line) (weekly) increased by 29.32 to 1,432.96. The Baltic Dry Index (daily) decreased by 5.00 to 2275.00, and the Panamax Freight Index (daily) decreased by 16.00 to 1,928.00. The average charter price of Panamax ships remained unchanged at 17564.00, and that of Capesize ships increased by 118.00 to 30,315.00. [1] Industry News - China's permanent representative to the United Nations, Fu Cong, clarified China's position on Japanese Prime Minister Kaochi Sanae's wrong remarks regarding Taiwan. Multiple Federal Reserve officials signaled potential interest - rate cuts, but Dallas Fed President Logan thought it might be necessary to keep rates unchanged in December due to high asset valuations. The US and Ukraine representatives held talks on the "28 - point plan to end the Russia - Ukraine conflict" in Geneva without reaching an agreement on key elements. [1] Key Data to Focus On - November 25, 15:00, Germany's final Q3 unadjusted GDP annual rate; November 25, 21:30, US September retail sales monthly rate; November 25, 21:30, US September PPI annual rate; November 25, 22:00, US September FHFA housing price index monthly rate; November 25, 22:00, US September S&P/CS20 major cities unadjusted housing price index annual rate. [1]