Shanghai Shipping Exchange: The export container shipping market in China remained generally stable this week, with most route markets seeing lower freight rates.

On July 18th, according to the Shanghai Shipping Exchange, the Chinese export container shipping market has remained relatively stable this week, with most route markets seeing a decline in rates, dragging down the overall index. In the European routes, overall transportation demand is stable with a slight decrease in market rates. In the North American routes, transportation demand lacks further growth momentum, putting pressure on market rates to decrease. In the Persian Gulf routes, transportation demand is weak, with a lack of support from supply and demand fundamentals leading to a further decline in market rates. In the Australia-New Zealand routes, transportation demand is strong, driving market rates to continue to rise. In the South American routes, transportation demand lacks further growth momentum, with weakening supply and demand fundamentals leading to continued market rate adjustments.