Shanghai Shipping Exchange: The export container shipping market is stable and improving, with a slight increase in ocean routes
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Golden Ten Data reported on May 23 that the Shanghai Shipping Exchange released its weekly report on China's export container shipping market for the week of May 23. The report shows that overall, China's export container shipping market remained stable with a positive trend this week, as freight rates on long-distance routes continued to rise, driving the composite index higher. Currently, the geopolitical situation in the Middle East remains stable, and the volatility of related route shipping markets is also stabilizing. On May 22, the Shanghai Export Containerized Freight Index stood at 2,218.15 points, an increase of 3.6% from the previous period. On the Persian Gulf route, the geopolitical situation in the Middle East remained relatively stable, and spot market freight rates rose slightly this week. On May 22, the freight rate (ocean freight and surcharges) from Shanghai Port to major basic ports in the Persian Gulf was $4,306 per TEU, up 4.2% from the previous period.
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