Tianjin Shipping Index (Nov.20-Nov.24)

Dec 1, 2017

I. Tianjin Shipping Index (TSI)

Week 47, 2017 (Nov.20-Nov.24), Tianjin Container Freight Index (TCI) presented a weak trend. Tianjin Bulk Freight Index (TBI) increased with shocks. Tianjin Domestic Container Freight Index (TDI) decreased slightly. Tianjin Shipping Index (TSI) increased slightly. The TSI closed at 655.23 points with an increase of 0.88% from Nov.17 (the last release day of Week 46). The TSI trend is as follows,

The chart above shows the trends of TSI from Nov.13 to Nov.24. The value of TSI in Week 47 is as follows:

II. Tianjin Container Freight Index (TCI)

In Week 47, 2017 (Nov.20-Nov.24), the trend of TCI is as follows,

In Week 47, the TCI decreased with shocks.

From Nov.20 to Nov.22 (Mon. to Wed.), the freight rates in European route, North American route, South American route and Persian Gulf route decreased overall. The freight rates in Mediterranean East route increased slightly. The freight rates in Mediterranean West route stabilized and decreased slightly. The TCI kept decreasing by 2.38% on three consecutive release days. On Nov.23 (Thu.), the freight rates in European route increased. The freight rates in Mediterranean route and North American route kept stable. The freight rates in South American route and Persian Gulf route kept the decrease trend. The TCI increased by 0.46%. On Nov.24 (Fri.), the freight rates in Mediterranean West route and South American route decreased slightly. The TCI decreased 0.30% on the day on day basis.

The TCI closed at 362.41 points with a decrease of 8.23 points (2.22%) from Nov.17 (the last release day of Week 46).

The TCI index value saw several up and down on a day-on-day basis are as follows:

European/Mediterranean route Christmas busy shipment period ended, demand on the market decreased. The freight rates in European route kept the decrease trend in first half of the week. In latter half of the week, some ship owners tried to raise the freight rates but the decrease trend was not reversed. The freight indices decreased 1.44% on a week on week basis. In Mediterranean East route, some ship owners reduced transport capacity and the freight rates stabilized after slight increase early this week. The freight indices increased 1.12%. The freight rates in Mediterranean West route presented a weak trend. The freight indices decreased 2.21% on a week on week basis.

North American route With Christmas coming, cargo volume on the market presented a declining trend. Under the pressure of transport overcapacity, the freight rate stabilized and decreased this week. The freight indices in North American West Coast route and North American East Coast route decreased 2.51% and 1.85% respectively this week.

South American route Cargo volume presented a weak trend. The ship owners were under high pressure to collect cargo. The center of freight rates kept decreasing. The freight indices in South American West Coast route, South American East Coast route and Central South American route decreased 4.62%, 3.48% and 3.27% respectively this week.

Persian Gulf Route Some ship owners who mainly do short-range ocean transport marched to Persian Gulf route this week. The transport capacity increased markedly. The freight rates decreased rapidly. The freight indices decreased 12.12% on a week on week basis.

III. Tianjin Bulk Freight Index (TBI)

Week 47, 2017 (Nov.20 – Nov.24), Tianjin Bulk Freight Index (TBI) is shown as follows:

In week 47, the TBI increased with shocks.

From Nov.20 to Nov.21 (Mon. to Tue.), the freight rates of coal and mineral ore increased slightly and the freight rate of grain decreased slightly. The TBI stabilized and increased and the total increase was 1.04%. On Nov.22 (Wed.), the increase of the freight rate of mineral ore narrowed and the freight rates of coal and grain decreased slightly, which led to a day-on-day TBI decrease of 0.01%.

From Nov.23 to Nov.24 (Thu. to Fri.), the freight rate of grain continued to decrease, the freight rate of coal increased slightly and the freight rate of mineral ore increased fast. The TBI increased significantly and ended at 825.08 points with an increase of 31.85 points (4.02%) from Nov.17 (the last release day of week 46).

TBI index value saw several ups and downs on a day-on-day basis are shown as follows:

TBCI increased with shocks this week. TBCI ended at 596.88 points with an increase of 13.37 points (2.29%) from Nov.17 (the last release day of week 46). Transport of coal increased this week and it made the freight rate stop falling and stabilize. For the Panamax market, the Pacific market was stable. The freight rate of the DBCT to Tianjin route shocked narrowly and the total increase was about 0.3%. The trade in the Capesize market concentrated and the freight rate of Hay Point to Qingdao route increased over 4.50%.

TBGI decreased slightly this week. It ended at 656.74 points with a decrease of 4.50 points (0.68%) from Nov.17 (the last release day of week 46). The deal of grain in US Gulf was still weak and the freight rate continued to decrease. The freight rate of US Gulf to Tianjin route decreased 0.80%. The freight rate of South America to Tianjin route decreased 0.50%. The decrease of the freight rate in the Pacific region was greater and the freight rate of West America to Tianjin route decreased about 0.9%.

TBMI increased continuously this week and the increase extended significantly later in the week. It ended at 1221.63 points with an increase of 86.68 points (7.64%) from Nov.17 (the last release day of week 46). For the iron ore market, congestion in the northern ports made the available carriers decrease and Australian miners continued to do charter, which led the freight rate of the Capesize to increase fast. The freight rate of West Australia to North China route increased over 11.5%. The Atlantic market was also influenced and the freight rate of Brazil to Tianjin route increased about 1.5%. As for nickel ore, the freight rate of Surigao to Tianjin route was low earlier this week but increased slightly later and the total decrease was about 0.8%.

IV. Tianjin Domestic Container Freight Index (TDI)

Week 47, 2017 (Nov.20-Nov.24), the trend of Tianjin Domestic Container Freight Index (TDI) is shown in the chart below:

In Week 47, the TDI decreased.

On Nov.20 (Mon.), both the Outward and Inward Index kept stable and led the TDI kept stable. From Nov.21 to Nov.22 (Tue. to Wed.), the Outward Index kept stable and the Inward Index increased slightly and the TDI increased slightly. On Nov.23 (Thu.), the Outward Index decreased and led the TDI decreased 0.89% in single day. On Nov.24 (Fri.), both the Inward and Outward Index kept stable. Finally, the TDI was closed at 997.55 points with a decrease of 8.39 points (0.83%) from Nov.17 (the last release day of Week 46).

The value of TDI ups and downs on a day-on-day basis are shown as follows:

Tianjin Domestic Container Outward Freight Index (TDOI) was weak and was closed at 1168.03 points on Nov.24 (Fri.) with a decrease of 17.93 points (1.51%) from Nov.17 (the last release day of Week 46). The market of Tianjin-Guangzhou route begun to be weak after the freight rate increased for nearly one month. The freight rate index decreased 2.07% on a w-o-w basis. The market of Tianjin-Quanzhou/Shanghai route was steady, and the indices were steady.

Tianjin Domestic Container Inward Freight Index (TDII) increased slightly. The TDII was closed at 827.07 points on Nov.24 with an increase of 1.15 points (0.14%) from Nov.17 (the last release day of Week 46). The freight rate in northward routes increased and the index of Shanghai/Guangzhou-Tianjin route increased 0.41% and 0.13% respectively. The freight rate in Quanzhou-Tianjin route was steady and the index kept stable.

Source from : Tianjin Shipping Index

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