Report Summary 1. Investment Rating - No investment rating for the industry is provided in the report. 2. Core View - The European container shipping line (EC) opened low and then fluctuated upwards. The 06 contract closed at 1283 points, down 3.64%. Some shipping companies slightly reduced their freight rates for the second half of May, and the average online price for 40 - foot containers dropped to around $1750, close to the cost price, which may increase the shipping companies' willingness to suspend voyages. Although the expected peak season for the European line has not been completely falsified, the supply - surplus situation in the European line has been exacerbated by the overflow of capacity from the US line. After the previous decline, the market lacks upward drivers, and the peak - season space is also cautiously viewed. It is expected that the overall situation will continue to fluctuate in the short term [1]. 3. Summary by Directory EC Contract Volume and Price - **EC2506**: The latest transaction price was 1283 points, down 3.64%. The trading volume was 45,529, and the open interest on one side was 38,142. The net long position of the top 20 members was - 408 [1]. - **EC2508**: The latest transaction price was 1556.4 points, down 2.45%. The trading volume was 28,090, and the open interest on one side was 36,029. The net long position of the top 20 members was - 910 [1]. - **EC2510**: The latest transaction price was 1273.2 points, down 2.94%. The trading volume was 6765, and the open interest on one side was 16,670. The net long position of the top 20 members was 0 [1]. - **EC2512**: The latest transaction price was 1458.6 points, down 1.54%. The trading volume was 1379, and the open interest on one side was 3986 [1]. - **EC2602**: The latest transaction price was 1286.8 points, down 2.31%. The trading volume was 667, and the open interest on one side was 2736 [1]. - **EC2604**: The latest transaction price was 1173 points, down 1.76%. The trading volume was 360, and the open interest on one side was 1122 [1]. - **Total**: The total trading volume was 82,790, and the total open interest on one side was 98,685. The net long position of the top 20 members was - 1318 [1]. Latest Spot Freight Rates - European Routes - **SCFIS (weekly)**: The latest index was 1379.07 points, down 3.5% from the previous period [1]. - **SCFI ($/TEU)**: The latest price was $1200, down 4.8% from the previous period [1]. - **TCI (20GP) spot freight rate ($/TEU)**: The latest price was $1340, with no change from the previous period [1]. - **TCI (40GP) ($/FEU)**: The latest price was $2112, with no change from the previous period [1]. - **Basis spread**: The basis spread on the previous trading day was 96.07 points, up 5.2 points from the day before [1]. Spot Market Data - **Capacity**: The capacity of the Asia - Europe route was 514,749 TEU, a decrease of 456 TEU. The idle capacity ratio was 1.6% [4]. - **Average speed**: The average speed of container ships was 13.88 knots. The average speed of container ships over 17,000 TEU was 15.55 knots, and that of 12,000 - 16,999 TEU container ships was 15.01 knots [4]. - **In - port capacity**: The in - port capacity in Rotterdam was 219,600 TEU, in Hamburg was 94,600 TEU, and in Singapore was 355,300 TEU [4]. - **Routing situation**: The number of ships passing through the Gulf of Aden was 11, the north - bound traffic volume through the Suez Canal was 1, and the south - bound traffic volume was 2 [4]. - **Time charter rates**: The 6 - 12 - month time charter rate for 9000 TEU ships was $105,000 per day, for 6500 TEU ships was $72,000 per day, and for 2500 TEU ships was $33,750 per day [4].

Report Industry Investment Rating - The report does not provide an industry investment rating. Core View of the Report - The European container shipping line's EC contract showed a decline, with the 06 contract closing at 1288.2 points, down 1.83%. Some shipping companies slightly reduced their May freight rates, and the average online price for large containers in the second half of May dropped to less than $1800, approaching the cost price, which may increase the shipping companies' willingness to suspend voyages. Although the expected traditional peak season for the European line has not been completely disproven, and the tariff policy has not significantly affected the cargo volume, it has added pressure on freight rates on the supply side. After the previous decline, the market lacks upward momentum, and the peak - season potential is also cautiously viewed. It is expected that the overall situation will continue to fluctuate in the short term [1]. Summary by Relevant Catalogs Latest View and Strategy Direction - The EC of the European container shipping line first rose and then fell. The 06 contract closed at 1288.2 points, down 1.83%. MSK kept its freight rate unchanged in the 21st week, quoting $1450 for large containers, while HPL and OOCL slightly reduced their May freight rates to $1700 for large containers. Most shipping companies in the second half of May continued to use the first - half rates, and some slightly reduced them. The average online price for large containers in the second half of May dropped to less than $1800, close to the cost price, which may increase the shipping companies' willingness to suspend voyages. The expected traditional peak season for the European line has not been completely disproven, and the tariff policy has not significantly affected the cargo volume but has added pressure on freight rates on the supply side. After the previous decline, the market lacks upward momentum, and the peak - season potential is also cautiously viewed. It is expected that the overall situation will continue to fluctuate in the short term [1]. EC Contract Volume and Price - EC2506: The latest成交价 is 1288.2 points, down 1.83%, with a trading volume of 53581, a unilateral open interest of 39510, long positions of 22192, short positions of 23424, and a net long position of - 1232 [1]. - EC2508: The latest成交价 is 1559.6 points, up 3.72%, with a trading volume of 39237, a unilateral open interest of 36138, long positions of 23359, short positions of 24483, and a net long position of - 1124 [1]. - EC2510: The latest成交价 is 1287.9 points, up 1.22%, with a trading volume of 11837, a unilateral open interest of 17426, and no long or short positions reported [1]. - EC2512: The latest成交价 is 1460.7 points, up 0.21%, with a trading volume of 1893 and a unilateral open interest of 4091 [1]. - EC2602: The latest成交价 is 1291.4 points, down 0.43%, with a trading volume of 982 and a unilateral open interest of 2735 [1]. - EC2604: The latest成交价 is 1182.6 points, down 0.81%, with a trading volume of 849 and a unilateral open interest of 1144 [1]. - The total trading volume is 108379, the total unilateral open interest is 101044, the total long positions of the top 20 members are 45551, the total short positions of the top 20 members are 47907, and the net long position is - 2356 [1]. Latest Spot Freight Rates - European Routes - Weekly spot index: SCFIS is 1379.07 points, down 3.5%; SCFI is $1200/TEU, down 4.8% [1]. - Daily spot freight rates: TCI(20GP) is $1340/TEU, down 1.6%; TCI(40GP) is $2112/FEU, down 3.3% [1]. - The basis difference was 90.87 points on the previous trading day, up 11.3 points from the day before [1]. Spot Market Data - Capacity: The capacity deployment on the Asia - Europe route is 516078 TEU, a decrease of 1 TEU. The idle capacity ratio is 1.6%, with 1.0% for container ships over 17000 TEU, 0.4% for 12000 - 16999 TEU container ships, and 1.2% for 8000 - 11999 TEU container ships [4]. - Average speed: The average speed of container ships is 13.88 knots, 15.55 knots for container ships over 17000 TEU, and 15.01 knots for 12000 - 16999 TEU container ships [4]. - Capacity in port: Rotterdam has 21.96 million TEU, Hamburg has 9.46 million TEU, and Singapore has 35.53 million TEU [4]. - Bypass situation: The number of ships passing through the Gulf of Aden is 11, the north - bound traffic volume of the Suez Canal is 1, and the south - bound traffic volume is 2 [4]. - Time charter rates for 6 - 12 months: $105000 per day for 9000 TEU, $72000 per day for 6500 TEU, and $33750 per day for 2500 TEU [4].

| | | | | | | 研究所可以解放之IV | | | 2025/5/8 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 合约 | | 昨日收盘价 | 涨跌(%) | 基差 | 昨日成交量 | 昨日持仓量 | | 持仓变动 | | | EC2506 | | 1288.2 | -0.87 | 90.9 | 33882 | | 39510 | 3642 | | | EC2508 | | 1559.6 | 3.29 | - 180.5 | 39237 | | 36138 | 3696 | | | EC2510 | | 1287.9 | 1.81 | 91.2 | 11837 | | 17426 | 1332 | | | EC2512 | | 1460.7 | 0.74 | -81.6 | 1893 | | 4091 | 101 | | | EC2602 | | 1291.4 | 0.19 | 87.7 | 982 | | 2735 | 132 | | 期货 | EC2604 | | 1182.6 | -3.70 | 196 ...

Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: May 8, 2025 [2] - Research Team: Macro Finance Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] Investment Rating - No investment rating information provided in the report. Core View - The spot price of container shipping in the second half of May is basically the same as that in the first half. The supply pressure may increase due to the re - allocation of vessels from the US route. The June freight rate contract is likely to remain weak, while the August peak - season contract may be boosted by improved sentiment. It is recommended to participate based on short - term oversold rebound and pay attention to the progress of talks [8]. Summary by Section 1. Market Review and Operation Suggestions - Spot Market: The online quotes for the second half of May are basically flat compared to the first half. The lowest price for Maersk's large container is $1480, and in the first half, the price was $1647 due to better demand. Other airlines' prices are mostly in the range of $1650 - $2000 [8]. - Supply: Affected by the sharp decline in US - route demand, airlines are re - allocating vessels to other routes, increasing supply pressure, especially in late May [8]. - Operation Suggestion: Although there is a short - term relaxation in Sino - US relations, it will still take a long time to reach an agreement. The June freight rate contract is hard to reverse its decline, while the August peak - season contract may be more positively affected. It is advisable to focus on short - term oversold rebounds and monitor the progress of talks [8]. 2. Industry News - Market in late April: From April 28th to 30th, the China Export Container Shipping Market declined slightly. Transport demand was weak before the holiday, and most route freight rates fell, dragging down the composite index [9]. - Manufacturing PMI: China's official manufacturing PMI in April was 49, down 1.5 percentage points from the previous month, indicating a decline in manufacturing prosperity [9]. - European Route: The eurozone's April composite PMI was 50.1, slightly above the boom - bust line, mainly dragged down by the service industry. The future European economic outlook is uncertain due to tariff issues [9]. - North American Route: In March, the US merchandise trade deficit reached $162 billion, a record high. The consumer confidence index in April continued to decline. The North American route's transport demand remained low, and the spot booking price increased slightly [10]. - Diplomatic News: Chinese Vice - Premier He Lifeng will hold talks with US Treasury Secretary Bezant from May 9th to 12th at the US request. China firmly opposes US tariff abuse and advocates equal and reciprocal dialogue [10]. - Other News: Talks on a Gaza cease - fire are close to completion. The US plans to charge additional fees for Chinese ships docking at US ports. Maersk will adjust the peak - season surcharge for routes from Far - East countries (excluding China and Hong Kong) to the US and Canada [10]. 3. Data Overview 3.1 Container Shipping Spot Prices | Route | May 4, 2025 | April 28, 2025 | Change | MoM (%) | | --- | --- | --- | --- | --- | | SCFIS: European Route (Base Ports) | 1379.07 | 1429.39 | - 50.32 | - 3.5% | | SCFIS: US - West Route (Base Ports) | 1320.69 | 1230.28 | 90.41 | 7.3% | [12] 3.2 Container Shipping Index (European Route) Futures Market | Contract | Previous Settlement Price | Opening Price | Closing Price | Settlement Price | Change | Change Rate (%) | Trading Volume | Open Interest | Open Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | EC2506 | 1312.2 | 1325.0 | 1288.2 | 1331.4 | - 24.0 | - 1.83 | 53581 | 39510 | 3642 | | EC2508 | 1503.6 | 1560.0 | 1559.6 | 1595.5 | 56.0 | 3.72 | 39237 | 36138 | 3696 | | EC2510 | 1272.4 | 1259.9 | 1287.9 | 1311.8 | 15.5 | 1.22 | 11837 | 17426 | 1332 | | EC2512 | 1457.6 | 1439.4 | 1460.7 | 1481.4 | 3.1 | 0.21 | 1893 | 4091 | 101 | | EC2602 | 1297.0 | 1263.8 | 1291.4 | 1317.2 | - 5.6 | - 0.43 | 982 | 2735 | 132 | | EC2604 | 1192.2 | 1166.0 | 1182.6 | 1194.0 | - 9.6 | - 0.81 | 849 | 1144 | 372 | [6] 3.3 Shipping - Related Data Charts - The report provides multiple charts, including the trends of the main and secondary main contracts of container shipping European - route futures, global container shipping capacity, global container ship orders, Shanghai - Europe base - port freight rates, and Shanghai - Rotterdam spot freight rates [18][19][20]

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints No clear core viewpoints are presented in the given documents. The reports mainly provide data on shipping futures, spot rates, and related news. 3. Summary by Related Catalogs Futures Data - **EC Futures Contracts**: The report shows the prices, price changes, bases, trading volumes, open interests, and open interest changes of multiple EC futures contracts (EC2506 - EC2604) as of May 6, 2025. For example, EC2506 closed at 1324.3 with a 3.82% increase, and its trading volume was 54,878 with an open interest of 33,250 and a decrease of 4,385 in open interest [2]. - **Futures Month - to - Month Spreads**: It also presents the month - to - month spreads of different EC futures contracts, such as EC2506 - 2508, EC2508 - 2510, etc., along with their comparisons to previous periods [2]. Shipping Indexes - **Index Data**: Various shipping indexes are updated at different frequencies. For instance, the SCHI2 index was 1379.07 on May 5, 2025, with a - 3.52% change from the previous period. The SCFI index was $1260/TEU on April 25, 2025, down 4.26% from the previous period [2]. Shipping News - **Shipping Company News**: MSC added a sail - stop in week 20 and 25, causing the average weekly shipping capacity in May - June to contract slightly to 300,000 and 330,000 TEU, with a - 2% and + 9% change respectively [2]. - **European Line Quotes**: The European line market remains weak. CMA and EMC lowered their quotes in the 19th and 20th weeks, with the May quote center continuing to decline. The average quote for wk20 was $1800 (equivalent to about 1250 points on the futures market) [3]. International News - **Trade News**: On April 29, sources said that Trump is working on larger - scale trade agreements with multiple countries, including Japan, Vietnam, etc. The White House's trade team received 18 written proposals [4]. - **Middle - East Tension News**: On May 6, Israeli Prime Minister Netanyahu announced a "high - intensity" military expansion in the Gaza Strip, aiming to defeat Hamas and secure the release of hostages. Israeli officials also reported air - strikes on Yemen in retaliation for Houthi missile attacks [5].

| 股指期货价差日报 | * | 投资咨询业务资格：证监许可【2011】1292号 | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 叶倩宁 | Z0016628 | 2025年4月30日 | | | | | | | | | | | | | | | 价 | 差 | 品 | 种 | 最新值 | 较前一日变化 | 历史1年分位数 | 全历史分位数 | IF期现价差 | -50.28 | 0.74 | 6.10% | 4.80% | | | | | IH期现价差 | -24.31 | -1.09 | 8.60% | 4.80% | 期现价差 | IC期现价差 | -117.71 | 9.59 | 3.20% | 1.80% | IM期现价差 | -129.78 | 4.85 | 90.00% | 4.60% | | 次月-当月 | -33.00 | -1.40 | 1.60% | 10.10% | 季月-当月 | ...

Report Industry Investment Rating No relevant content provided. Core View of the Report - Short - term tariff event shocks are暂缓, focus on subsequent economic impact and negotiation progress. - Domestic stock indices show significant holiday seasonality, with a rising trend in the first month after the holiday. - Different commodity sectors have different focuses, such as the impact of travel consumption on crude oil prices, and the influence of domestic policies on industrial products [60][62]. Summary by Related Catalogs Macro - **Key Events and Data**: During the domestic May Day holiday, important events and data include the US Trump's 100 - day State of the Union address on April 29, China's April Caixin PMI on April 30, etc. [4] - **Tariff Impact**: The tariff event's short - term impact on market sentiment has eased, but attention should be paid to its impact on the economy. Some countries have reached preliminary agreements with the US, while others are in the process of negotiation, counter - measures, or have adopted loose policies [5][7][8]. - **Political Bureau Meeting**: The April Political Bureau Meeting emphasized economic recovery, recognized increased external pressure, and called for more active macro - policies, including fiscal and monetary policies, to support the real economy [6]. High - Frequency Observation - **Sino - US Tariff Dispute**: After the US launched a tariff blitz on April 2, Sino - US trade volume has significantly decreased, and China's container exports to the US have been severely affected [9]. Stock Index - **Performance Support**: The overall A - share profitability has been recovering from Q4 2024 to Q1 2025, which may support the stock index. Sectors such as social services, public utilities, and environmental protection have significant profit improvement and low valuations [14]. - **Policy Support**: In Q1 2025, the proportion of public funds' stock allocation increased, while the proportion of foreign capital's shareholding in A - shares decreased. Policy - based funds showed strong willingness to support the market, and large - scale purchases of index ETFs may lead to an upward trend in large - cap stock indices [17]. Treasury Bond - **Curve Flattening**: The long - term interest rate is at a low level, and the Treasury bond futures may fluctuate in the short term, waiting for policy or fundamental catalysts [29]. Container Shipping Futures - **Capacity Adjustment**: The number of cancellations on the US route has increased significantly, and some ships on the US route have been transferred to the European route, increasing the supply pressure. The capacity in May is gradually increasing [30][36]. Exchange Rate - **Renminbi Fluctuation**: Currently, the economic expectations, Sino - US interest rate differentials, and trade policy uncertainties are neutral. In the short term, the RMB is expected to remain strong and fluctuate within a range [43]. Strategy - **Calendar Effect**: Domestic stock indices show significant holiday seasonality, rising in the first month after the holiday. Different commodity sectors have different performance characteristics during the holiday [46]. Scenario - **Interest Rate Cut and Recession**: In recession samples, gold leads the commodity market, and the commodity sectors first decline and then rise. In non - recession samples, the performance of commodity sectors varies [49]. - **US "Stagflation"**: Historically, during stagflation periods, assets are highly differentiated. Gold and crude oil perform well in resisting stagflation [58]. Event - **US Inflation**: Tariffs may push up US inflation in 1 - 2 quarters, and the inflation elasticity this time may be greater than the previous round [55].

| | 股指期货价差日报 | | | | | --- | --- | --- | --- | --- | | | 投资咨询业务资格:证监许可 【2011】1292号 | | | | | | 2025年4月29日 | | 叶倩宁 | Z0016628 | | 最新值 | 价差 品种 | 较前一日变化 | 历史1年分位数 | 全历史分位数 | | -51.02 | F期现价差 | -3.23 | 5.30% | 4.70% | | -23.23 | H期现价差 期现价差 | -2.42 | 9.40% | 5.40% | | -127.30 | IC期现价差 | 1.29 | 2.80% | 1.10% | | -148.06 | IM期现价差 | 4.85 | 85.00% | 4.00% | | -31.60 | 次月-当月 | 4.00 | 3.20% | 10.90% | | -90.00 | 李月-崇月 | 3.20 | 1.20% | 8.60% | | -114.80 | 元月-当月 | 1.60 | 1.20% | 14.40% | | -58.40 | F跨期价差 李月-次月 | -0.80 | ...

配置上，从规避不确定性的角度，自主科技、受益欧洲资本开支扩张的板块、纯内需必选消费、稳定红利 以及不依赖短期业绩的题材料将占优。我们认为市场将在广义上的内循环、新的科技主题轮动。 图片来源：摄图网 PPPPAAAARRRRTTTT 1111 关注内循环 僵持阶段看什么 策略聚焦 裘翔 刘春彤 杨家骥 高玉森 连一席 遥远 玛西高娃 贸易战僵持阶段，超预期的刺激和基于妥协的贸易协议都很难发生；僵持阶段比的是两国的经济韧性，中 国的政策选项更多、空间更大、能耗更久，对美国而言，7月前大规模的国债到期可能会是特朗普关税政策 的第一个动摇点；A股也是中国贸易战中提振信心的关键环节，应充分相信国家维护资本市场稳定的决心， 港股可能是阶段性的薄弱环节，但也要看到内地资金依旧整体明显低配港股。配置上，从规避不确定性的 角度，自主科技、受益欧洲资本开支扩张的板块、纯内需必选消费、稳定红利以及不依赖短期业绩的题材 料将占优。 风险因素：中美科技、贸易、金融领域摩擦加剧；国内政策力度、实施效果及经济复苏不及预期；海内外 宏观流动性超预期收紧；俄乌、中东地区冲突进一步升级；我国房地产库存消化不及预期；特朗普政策侧 重点超预期。 点 ...

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Report's Core View - The European container shipping line (EC) is operating weakly, with the 06 contract closing at 1358.4 points, a decline of 9.40%. Spot freight rates continue to be weak, and shipping companies' price cuts have intensified market pessimism about May and June freight rates. The 06 contract has basically followed the decline of spot freight rates and is now at a discount to the 04 contract [1]. - Under the influence of factors such as the regular recovery of cargo volume, the overflow of capacity from the US line, limited capacity control by shipping companies, and tariff policies, the central freight rate for large containers in early May has dropped below $2000. The market is pessimistic about May and June freight rates, but there are still expectations for the peak seasons in July and August. In the current weak reality, there is a lack of upward driving force, and caution is also exercised in terms of space [1]. - The current point of contention lies in the performance of the peak season. The market has become insensitive to shipping companies' price increases, and it is necessary to see the arrival of the inflection point of peak - season cargo volume. It is expected to continue the weak and volatile trend in the short term. Before the post - ponement of the peak - season point is falsified, the 06 - 08 reverse spread can continue to be monitored [1]. 3. Summary by Relevant Catalogs EC Contract Volume and Price | Contract | Latest Transaction Price (Points) | Latest Increase/Decrease (%) | Trading Volume | Open Interest (Unilateral) | Long Positions (Top 20 Members) | Short Positions (Top 20 Members) | Net Long Positions (Top 20 Members) | | --- | --- | --- | --- | --- | --- | --- | --- | | EC2504 | 1439 | - 0.42 | 87 | 909 | 743 | 824 | - 81 | | EC2506 | 1358.4 | - 9.40 | 86705 | 44468 | 24379 | 25911 | - 1532 | | EC2508 | 1577 | - 6.93 | 34562 | 33302 | 21679 | 22592 | - 913 | | EC2510 | 1299.6 | - 3.88 | 10589 | 16862 | - | - | - | | EC2512 | 1465 | - 4.06 | 2667 | 4248 | - | - | - | | EC2602 | 1304 | - 3.43 | 1116 | 2806 | - | - | - | | Total | - | - | 135726 | 102595 | 46801 | 49327 | - 2526 | [1] Latest Spot Freight Rates - European Routes | Indicator | Latest Period | Month - on - Month Increase/Decrease | Previous Period | Month - on - Month Increase/Decrease | Two Periods Ago | Month - on - Month Increase/Decrease | | --- | --- | --- | --- | --- | --- | --- | | Spot Index (Weekly) - SCFIS (Points) | 1508.44 | 7.6% | 1402.35 | - 1.4% | 1422.42 | - 3.5% | | SCFI ($/TEU) | 1316 | - 2.9% | 1356 | 1.5% | 1336 | 1.4% | | Spot Freight Rate (Daily) - TCI(20GP) ($/TEU) | 1441 | 0.0% | 1441 | - 1.1% | 1457 | - 1.3% | | Spot Freight Rate (Daily) - TCI(40GP) ($/FEU) | 2281 | - 1.4% | 2315 | - 1.9% | 2359 | - 1.3% | [1] Spot Market Data - Shipping Capacity and Related Information | Category | Details | Value | | --- | --- | --- | | Capacity - Asia - Europe Route Capacity Deployment (TEU) | - | 500628 | | Capacity - Increase in Asia - Europe Route Capacity Deployment (TEU) | - | 0 | | Capacity - Idle Capacity Ratio (%) | Global | 1.8 | | Capacity - Idle Capacity Ratio (%) | 17000TEU+ Container Ships | 0.9 | | Capacity - Idle Capacity Ratio (%) | 12000 - 16999TEU Container Ships | 0.6 | | Capacity - Idle Capacity Ratio (%) | 8000 - 11999TEU Container Ships | 1.5 | | Speed - Average Speed of Container Ships (Knots) | - | 13.98 | | Speed - Average Speed of 17000TEU+ Container Ships (Knots) | - | 15.4 | | Speed - Average Speed of 12000 - 16999TEU Container Ships (Knots) | - | 15.11 | | In - Port Capacity (10,000 TEU) | Rotterdam | 27.75 | | In - Port Capacity (10,000 TEU) | Hamburg Port | 11.73 | | In - Port Capacity (10,000 TEU) | Singapore | 35.78 | | Bypass Situation - Number of Ships Passing Through the Gulf of Aden (Vessels) | - | 7 | | Bypass Situation - North - bound Traffic Volume of the Suez Canal (Vessels) | - | 4 | | Bypass Situation - South - bound Traffic Volume of the Suez Canal (Vessels) | - | 2 | | Time - Charter Rates (6 - 12 months) - 9000TEU ($/day) | - | 106000 | | Time - Charter Rates (6 - 12 months) - 6500TEU ($/day) | - | 73500 | | Time - Charter Rates (6 - 12 months) - 2500TEU ($/day) | - | 33750 | [4]