Shanghai Shipping Exchange: Geopolitical Situation Stabilizes, Divergence Continues Across Different Shipping Routes

According to Golden Ten Data on April 18, the Shanghai Shipping Exchange released the weekly report on China's export container shipping market, indicating that the future situation of the Middle East conflict still faces significant uncertainty. This week, China's export container shipping market remained generally stable, with freight rates on different routes continuing to show divergence, and the composite index saw a slight decline. On April 17, the Shanghai Export Containerized Freight Index stood at 1886.54 points, down 0.2% from the previous period. On the Persian Gulf route, the military conflict in the Middle East continues to maintain a ceasefire, with geopolitical conditions gradually stabilizing, but shipping through the Strait of Hormuz still faces considerable uncertainty. On April 17, the market freight rate (including ocean freight and surcharges) for Shanghai Port exports to major ports in the Persian Gulf was $4,031/TEU, down 3.3% from the previous period.