Pricing Information - As of July 28, 2023, the spot rates for major shipping lines are as follows: Maersk: $1769-$2123/TEU, $2958-$3466/TEU; CMA: $1935-$2285/TEU, $3445-$4145/TEU; MSC: $2060-$2163/TEU, $3440-$3646/TEU; ONE: $2324/TEU, $3143/TEU; EMC: $2455/TEU, $3760/TEU [1] Shipping Index - As of July 28, 2023, the SCFIS European line index is reported at 2316.56 points, a decrease of 3.5% week-on-week. The US West Coast index fell by 46.98% to 1284.01 points. The SCFI composite index as of July 25, 2023, is at 1592.59 points, down 3.3%. The Shanghai-Europe freight rate increased by 0.53% to $2090/TEU, while the Shanghai-US West Coast rate is $2067/FEU, down 3.5% from the previous week. The Shanghai-US East Coast rate is $3378/FEU, down 6.48% from the previous week [2] Market Fundamentals - As of July 28, 2023, the global container shipping capacity exceeds 32.7 million TEU, reflecting a year-on-year growth of 7.9%. In terms of demand, the Eurozone's June composite PMI is at 50.2, with manufacturing PMI at 49.4 and services PMI at 50.0. The US June manufacturing PMI is at 49, with a new orders index of 46.4. The OECD leading index for the G7 group recorded 100.40 in June [3] Market Logic - The futures market experienced fluctuations, with the main contract closing at 1502.8 points, down 1.62%, and the August contract at 2183.2, down 1.33%. Major shipping companies have set August prices, reducing uncertainty, and a fluctuating market is expected. Short-term spot prices are not anticipated to have significant volatility, while a gradual decline is expected in the medium to long term due to current prices being at a seasonal peak [4]

Pricing Information - As of June 25, the spot rates for Maersk are between $1,767 and $1,777 per TEU, and $2,950 to $2,976 per TEU; CMA rates range from $2,035 to $2,385 per TEU, and $3,645 to $4,345 per TEU; MSC rates are $1,940 to $2,180 per TEU, and $3,640 per TEU; ONE rates are between $2,604 and $3,094 per TEU, and $3,343 to $4,043 per TEU; EMC rates range from $2,100 to $2,655 per TEU, and $3,100 to $4,060 per TEU [1] Shipping Index - As of June 23, the SCFIS European line index is reported at 1,937.14 points, a 14% increase week-on-week, while the West Coast of the US index decreased by 28% to 2,083.46 points; as of June 27, the SCFI composite index is at 1,861.51 points, down 0.4% from the previous period; Shanghai to Europe freight rates increased by 10% to $2,030 per TEU; Shanghai to West Coast freight rates are $2,578 per FEU, down 7% from the previous week; Shanghai to East Coast freight rates are $4,717 per FEU, down 12% from the previous week [2] Market Fundamentals - As of June 24, the global container shipping capacity stands at 32.57 million TEU, an 8.2% increase year-on-year; in terms of demand, the Eurozone's May composite PMI is at 50.2, with manufacturing PMI at 49.4 and services PMI at 49.7; the US May manufacturing PMI is at 48.5, with the new orders index at 47.6; the OECD leading index for the G7 group recorded 100.32 in May [3] Market Logic - The futures market saw a decline yesterday, with the main August contract closing at 1,761 points, down 2.42%; currently, there is a reduction in the price divergence for July, with large box quotes ranging from $3,635 to $4,645 per TEU, which is slightly higher than the first half of the year; a significant price drop in August is considered unlikely, and airlines may initially set higher August quotes before adjusting based on actual transaction conditions, necessitating close monitoring of price trends [4] Operational Recommendations - The market is advised to adopt a cautious wait-and-see approach, with expectations for the main index to fluctuate between 1,700 and 1,800 points [5]