Ocean freight rehabilitation rise

Shipping market as a "barometer", 6 months to keep our sea freight index rose consecutive 10-week recovery trend, economic trend is clearly stabilized, but the experts believe that the shipping industry too early recovery.

National Development and Reform Commission yesterday released issued by the Shanghai Shipping Exchange freight index, June 4, 2008, China's coastal shipping freight Composite index reached 2886.92 points, its highest level since 2007. Since then tumbled this year, June 17 fell to 1009.39 points, up 65.04 percent cumulative decline. June 17 after the freight index has remained a continuous 10-week rehabilitation rise trend. To August 26, freight index reached 1161.27 points, compared with June 17 increased by 15.05%; but freight in 2008 compared to the high point index, there is still a wide gap, still low 59.77%.

"Since there is 9.3% of the current global capacity is not released, as of August 31, 541 carriers worldwide, is still in the idle state, a part of next year, was postponed because of the crisis will also ship orders for delivery, so the container market may also be facing a new round of shocks, to talk about recovery in the shipping industry as a whole is premature. "COSCON Wu Minghua, said experts.

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