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This week, the European and American container shipping markets fell back, and the WCI Shanghai to Northern Europe route recorded a freight rate of $9598. /FEU, a week-on-week decrease of 1.9%; the freight rate on the Shanghai to West America route recorded $7952/FEU, a week-on-week decrease of 2.7%. The international dry bulk shipping market fell back as a whole, with BDI recording 2,354 points on June 23, a week-on-week decrease of 4.4%. Among them, BCI, BPI, BSI, and BHSI recorded 2419, 2732, 2466, and 1339 points respectively, down 10.5%, down 2.1%, up 0.2%, and down 0.1% week-on-week.
International container transportation market: Freight rates on European and American routes continue to fall, and there is no expected rebound. From the perspective of transportation capacity demand, the cargo stranded in the early stage is relatively limited. Although Shanghai was under lockdown from April to May, a large number of goods were transported through the "land-to-water" and "land-to-rail" methods. In April, these two methods accounted for 65% of the Shanghai Port collection and distribution transportation, and by the end of May The throughput of Shanghai Port has returned to more than 90% of normal levels. Most of the other goods that cannot be shipped normally from Shanghai Port have been shipped from Ningbo Zhoushan Port . From April to May this year, the container throughput of Ningbo Zhoushan Port increased by 11.8% and 18.7% year-on-year respectively. The two largest ports in East China, Shanghai Port and Ningbo Zhoushan Port, had a total container throughput of 12,880TEU from April to May, only a decrease of 1.4% from the same period last year. Part of this was indeed due to the inability to produce goods normally during the lockdown, resulting in a decrease in export cargo volume. .
In addition, the resumption of work in Shanghai in June was obviously slower than expected, and some factories are still subject to shortages of raw materials and logistics constraints. Shanghai's vehicle freight flow index recorded 72.6 on Thursday, a month-on-month increase of 209% and a year-on-year decrease of 40%. From the perspective of transportation capacity supply, liner companies have strengthened their space supply, especially on Asia-Europe routes. Strikes at ports around the world are currently happening one after another. Last week, strikes broke out at the Port of Hamburg in Germany and South Korea. This week, strikes broke out at the British Rail Maritime and Transport Union and at the Port of Antwerp-Brugge, Europe's largest port. The union's demand is simple: they want wages to rise to cope with the rising cost of living. Under the mediation of the White House , the West American dock union and employers issued a joint statement that although it is unlikely to reach an agreement before the contract expires on July 1, freight operations will continue.
However, there is still a need to prevent the occurrence of the black rhino incident. Similar guarantees will exist in almost every negotiation, including before the 2014 general strike. The current global inflation is serious. Even if the major central banks adopt the policy of raising interest rates and shrinking their balance sheets, it will be difficult to lower inflation in the short term. If the labor demands of these countries cannot be met, the strike may continue, and may even trigger responses from other port unions, which will have a major blow to the efficiency of collection and distribution, affect ship turnover efficiency, and provide some support for the declining freight rates. effect. International dry bulk shipping market: The market is not very prosperous this week, and rent levels are mainly falling. As the Fed accelerated the pace of monetary tightening, commodity prices experienced a certain correction this week. Platts 62% iron ore price recorded $109.4/ton on Wednesday, down 16.2% week-on-week; Newcastle NEWC on June 17 and Richard RB thermal coal prices recorded US$377.4/ton and US$325.2/ton, down 5.2% and 3.2% week-on-week. However, the spot price of thermal coal at the European ARA Port rebounded by 5.6% week-on-week; LME3-month nickel futures The closing price fell 5.06% week-on-week; CBOT soybeans and wheat dropped 17.24% and 11.95% week-on-week. As commodity prices fell and further declines were expected in the future, importers slowed down the pace of purchasing goods due to their mentality of buying up rather than buying down, and freight rates fell back. On Thursday, the 170,000-dwt ship type Dampier in Western Australia/Tubarão in Brazil/Saldanha in South Africa→Qingdao iron ore freight rates in China recorded US$11.914, 29.939, and 22.215 US dollars/ton respectively, down 9.2% and 8.2% week-on-week. %, 8.9%; the coal freight rate of 70,000-dwt ship type Indonesian to Guangzhou was US$12.65/ton, down 3.2% week-on-week; the 66,000-dwt ship type Brazil Santos/US Gulf Mississippi River-North China Port reached The prices were US$68.23/ton and US$77.77/ton, down 1.8% and 1.7% week-on-week. From a fundamental perspective, iron ore inventories in China's 45 ports have dropped to 126 million tons, falling for 13 consecutive weeks. The number of days available for China's 64 steel mills has dropped to 23 days. However, summer is the off-season for construction, and replenishment is relatively limited; the northern hemisphere has already Entering summer, when Western countries take the initiative to abandon Russian natural gas, coal and electricity consumption will increase. Overall, the dry bulk shipping market still has some rebound momentum in July, but the rebound is relatively limited.
