综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Top Biz Photos

Shipping boosted by spike in exports

By Zhou Yan and Xu Junqian (China Daily)
Updated: 2010-02-09 09:54
Large Medium Small

Shipping boosted by spike in exports

A street food vendor pushes his cart past containers at a port in Shanghai. The shipping price for cargo containers, on average, has risen three times a week since January.?[Bloomberg News]

Container prices driven up by dramatic rise in seaborne freight

SHANGHAI: A frantic rush of outbound shipments has hit the country's busiest port, Shanghai, on the eve of Chinese New Year following an unexpected spike in export orders.

"The outgoing vessels that mainly head for Europe and America have been over-booked since last December in Shanghai," said Michelle Wang, deputy general manager of the ocean freight department for east and central China at UniLogistics, a privately owned Chinese freight forwarding company.

"We've seen the container freight price increase as high as $200 per Twenty Equivalent Unit (TEU) since the start of this year."

According to Wang, the shipping price for cargo containers, on average, has risen three times on average a week since January.

China Containerized Freight Index (CCFI), the world's only gauge tracking the container freight market, rose 7.7 percent in a month to stand at 1,081.67 points on Feb 5, reflecting the turnaround in international seaborne trade.

Among all international trunk lines, the Eastern America service has seen the highest increase at 11 percent during the same period.

"The recent super-spike of outbound container business has surpassed our expectations," said Li Dong, an analyst at Zheshang Securities.

"It's a very strained shipping capacity in the market, despite the price hikes on several occasions this year."

Figures from Shanghai International Port (Group) Co (SIPG), the exclusive operator of all the public terminals in the port of Shanghai, showed that both the container transport turnover and freight throughput in December 2009 saw year-on-year growth for the first time after an 11-month consecutive decline.

The shipment spike amid the price hikes partly arose from the export boom on the back of the shaky recovery of major Western economies. It was also a result of the intention of shipping firms to lift prices via a curb on capacity and the reduction of the ships' service speed during what is traditionally a slow season, said Yu Jianjun, an analyst at Huatai Securities.

"The city's ocean-going shipping is in a hectic condition now, resulting from the fact that lots of container carriers withdrew capacity in tonnage last year after suffering huge losses, which in turn led to a current short-supply of freight space," said a spokeswoman at Shanghai Quanmei Logistics Co, who declined to be named.

Related readings:
Shipping boosted by spike in exports Shipping center project achieves milestone progress
Shipping boosted by spike in exports China Shipping Container Lines forecasts deficit for 2009
Shipping boosted by spike in exports Shipping industry fund starts operations in Tianjin
Shipping boosted by spike in exports Freight prices rise as coal shipping demand booms

She added that the outbound container price per TEU has doubled in a month since the end of December.

The turnaround seems not to be short-lived though, as the export recovery is still on the way up, Huatai's Yu said, predicting that export volume in the country, which has overtaken Germany as the world's largest exporter, will leap 20 percent year-on-year in January, after a rise of 17.2 percent last December.

Guosen Securities estimated that the country will post 22 percent export growth in 2010, as a result of which, the total container transport turnover in the port of Shanghai will grow 9 percent this year.

沙坪坝区| 亚东县| 肃北| 仪征市| 咸宁市| 涡阳县| 周口市| 枝江市| 恩施市| 新津县| 大宁县| 桂东县| 云林县| 桦川县| 威宁| 镇沅| 克拉玛依市| 盘锦市| 广昌县| 资溪县| 江陵县| 清远市| 佛山市| 杭锦旗| 怀安县| 博罗县| 金坛市| 当涂县| 高雄市| 溆浦县| 佛山市| 广南县| 蒙城县| 通许县| 苏尼特左旗| 龙泉市| 贵德县| 绍兴市| 西藏| 海淀区| 灵山县|