News
The China Containerized Freight Index (CCFI) was 845.6 points on average in June, decreasing 4.5% from the previous month, according to the Shanghai Shipping Exchange (SSE). The Shanghai Containerized Freight Index (SCFI) was 603.1 points, which plunged 18.9%.
Large-capacity vessels were successively deployed on the route between China and Europe, worsening the balance between supply and demand. The average CCFI was 903.4 points for services destined to Europe and 892.9 points for those to the Mediterranean, going down 4.3% and 11.2% from a month earlier and 37.1% and 47.8% from a year earlier, respectively.
Freight movement grew steadily on the trade to and from North America, but tonnage also increased, keeping the supply-and-demand balance from improving. The CCFI was 903.4 points on average for shipments bound for the west coast, which went down 3.9% from May, and 1,204.8 points for those for the east coast, down 1.4%.
The market for cargo to Australia and New Zealand was weak, forcing the average CCFI to turn south 5.9% from a month earlier to 672.2 points.
Freight traffic was stabilized on the route between China and the Middle East Gulf/Red Sea. However, competition over cargo among shipping companies urged the CCFI to depreciate 3.6% from May this year and 36.2% from June 2014 to an average of 847.7 points.
Cargo transport demand was slack on the trade to and from Japan. As such, the load factor fell below 60% on average, causing the average CCFI to degrade 2.3% from a month earlier to 621.8 points.
