Market situation
In terms of dry bulk cargo, under the background of the easing of the conflict between Russia and Ukraine and the rebound of the epidemic in China, the freight rate has fallen recently. On April 5, the BDI index reached 2213 points, with a month on month ratio of - 4.1% and a year-on-year increase of + 6%. The freight rates of all ship types were corrected. In terms of containers, the WCI container freight rate index was reported at $8252.9/feu on March 31, with a chain comparison of - 3.8% and a year-on-year increase of + 67%. Among them, the container freight rate from Shanghai to Los Angeles was reported at $9112 / feu, with a chain comparison of - 8.2% and a year-on-year increase of + 107.9%. The container freight rate returning to Shanghai from the United States remained stable, about US $1263 / feu. On April 1, the weekly SCFI report was 434871, with a month on month ratio of - 1.9% and a year-on-year ratio of + 68.2%, of which the Shanghai US west line report was $7916 / feu, with a month on month ratio of - 0.6% and a year-on-year ratio of + 95.17%.
Recently, affected by the rebound of China's epidemic, Shanghai port, as the world's largest container handling port, has increased the number of dry bulk cargo ships staying near Shanghai port, hindered container truck transportation and port terminal operations, reduced the number of container ships staying in the sea area near Shanghai port, and some shipping companies have transferred ports. For China's major coastal ports, the Berthing Capacity of dry bulk carriers and container ships in Chinese ports has decreased recently. Among them, the Berthing Capacity of dry bulk carriers in Chinese ports on April 5 is 69.21 million dwt, a decrease of 1% compared with March 31; On April 5, the Berthing Capacity of container ships in Chinese ports was 2.29 million TEU, a decrease of 8% compared with March 31.
Affected by the epidemic and the gradual recovery of overseas production, China's exports are facing challenges, and the new export order index has maintained a contraction range for 11 consecutive months. In March, the container throughput of China's eight coastal hub ports increased by 1.8% year-on-year, 1 percentage point slower than that in February. Under the background of global stagflation and interest rate hikes in Europe and the United States, the expectation of declining demand will be gradually fulfilled. However, it is expected that under the background of continuous epidemic, it is difficult to significantly alleviate port congestion in the short term.
