The first half of seaborne price operation

Affected by various factors such as excess transportation capacity and weak demand, the prices of the shipping market in the first half of the year continued to operate at a low level.

The demand for international shipping is not booming, and the BDI index fluctuates at the bottom. In the first half of the year, BDI averaged 840.3 points, a year-on-year decrease of 10.9%. The BCI index of sea-breeding vessels that transport bulk commodities such as iron ore, coal, grain, and cereals averaged 1384.2 points, a year-on-year decrease of 8.1%.

For the domestic coastal bulk market, the average CCDBFI in the first half of the year was 1043.5 points, which was 7.9% lower than the same period of last year. The coal transportation slowed down in the downstream, the slow sales of domestic coal, and the rapid growth of imported coal, the freight rate fell sharply from the same period of last year. In the first half of the year, the CCBFI coal freight index averaged 1129.5 points, down by 8.3%. The Qinhuangdao-Guangzhou freight index dropped 11.7% on the route, and the Qinhuangdao-Shanghai freight index fell 9.2%.

In terms of export containers, capacity continued to ease and demand picked up slowly. In the first half of the year, China's export container freight index fluctuates overall and fell by 2.9% year-on-year.