The local epidemic situation in China is generally under stable control, and major ports are operating normally. Recent weak global economic performance, global trade has shown signs of slowing down, and China's export container transportation market has adjusted. In September, the average of China's export container comprehensive freight index released by the Shanghai Shipping Exchange was 2593.35 points, an average decline of 14.5% from the previous month; The Shanghai Composite Index for export containers, which reflects the spot market, averaged 2,343.48 points, down 32.5 percent from the previous month.

1, port container throughput continued to perform better, ship leasing market continued to fall

① The local epidemic situation in China continues to show a stable situation, and all major ports maintain normal operations. In August 2022, the container throughput of China's ports continued to perform well, and the throughput of coastal and inland ports rose, of which the inland port increased significantly. According to statistics, the country's ports completed the container throughput of 25.73 million TEU, an increase of 3.8% over the same period last year. Among them, the container throughput of coastal ports was 22.58 million TEU, up 2.9% year-on-year; The inland port handled 3.14 million TEU of containers, up 11.0% year-on-year.

② The container chartering market has accumulated a large increase in the early stage, and the leasing prices of most ship types are still in an adjustment trend. According to Clarkson statistics, in September 2022, the rental of 1000TEU, 1700TEU, 2750TEU and 4400TEU vessels fell by 7.9%, 19.4%, 4.0% and 2.7% compared with the previous month.

2. European freight rates continue to decline

According to data released by research institute Markit, the preliminary manufacturing PMI for the eurozone in September was 48.5, a new low in 27 months, and all indicators continued to deteriorate below the line of growth and contraction. The recent conflict between Russia and Ukraine has become more complex and intense, which has made Europe's energy crisis worse. When winter comes, the energy crunch will cause inflation to remain high or accelerate further. The rising cost of living and a variety of concerns about the economic slowdown have hit consumer sentiment hard, and the future economic situation is not optimistic. This month, the European route transport market was weak, and the month-end market was not supported as before the shipment peak before the long holiday, and the market freight rate continued to decline. In September, the average freight index of China's exports to Europe and the Mediterranean routes was 4316.23 points and 4625.79 points, respectively, down 11.4% and 14.3% from the previous month.

3, the North American market performance is weak

North American route, according to the data released by the US Department of Labor, the US consumer price index (CPI) in August rose 0.1% month on month, up 8.3% year on year, the inflation level continues to be at a historical high, the Federal Reserve is forced to continue to take aggressive interest rate hike measures, leading to increased volatility in the financial market. Recent signs of a slowdown in both the economic recovery and the labor market have further raised the risk of the U.S. economy falling into stagflation. Transport demand failed to improve this month, the supply and demand relationship was slightly weak, and market freight rates continued to fall. In September, the average freight index of China's exports to the West and East routes was 2010.26 points and 2700.31 points, respectively, down 16.7% and 6.2% from the previous month.

4. Australia and New Zealand freight rates continue to adjust

Australia and New Zealand route, the local market for all kinds of life materials demand signs of slowdown, supply and demand fundamentals are not good, before the holiday transport demand did not rebound. This month, the market freight lack of support, continue to adjust the trend. In September, the average freight index of China's exports to Australia and New Zealand routes was 2666.00 points, an average decline of 7.4% from the previous month.

5. The South American market is down sharply

South American route, after the traditional transportation season, the transportation demand is low. The economic foundation of the destination economies is weak, and after the Federal Reserve continues to raise interest rates sharply, the financial market volatility increases, and it is more vulnerable to the impact of financial crisis in the future. After the traditional transportation season, transportation demand continues to decline, the supply and demand relationship is not good, and the booking price in the spot market continues to decline this month. In September, the average freight index of China's exports to South America was 1829.08 points, an average decline of 23.5% from the previous month.

6, the Japanese market slightly down

The Japanese route, the recent local epidemic situation is still facing a more severe situation, the transportation demand is basically stable, and the market freight rate is slightly lower. In September, the average freight index of China's export routes to Japan was 1161.96 points, an average decline of 1.7% from the previous month.

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