
The container shipping market has experienced a significant surge, with container freight futures rising sharply over the past two days. The SHFE's most active freight index for the Europe route futures hit a limit up by 19% to 2494.3. This follows a 17% increase in China's shipping futures after a 16% jump the previous day, driven by Maersk's announcement of price hikes and increased service suspensions. Additionally, the INE Freight Index rebounded by about 15%. FBX is up ~1% to 3638 (+35). Major shipping companies like ZIM, Maersk, and Hapag-Lloyd have seen notable increases in their stock prices, with ZIM's third-quarter revenue expected to rise significantly. Evergreen, Wan Hai, and Yang Ming reported revenue increases of 39-44% compared to the second quarter, and OOCL's global revenue per FEU rose by 31%.








🇨🇳Alumina jumped 4.2% to close at 4,553 yuan a ton on the Shanghai Futures Exchange on Friday, the highest since the contract debuted in June 2023, as global supply disruptions and resilient Chinese demand continue to tighten the market. Researcher Mysteel Global said on Friday… https://t.co/rPmSGMB7i4
#China SHFE warehouse changes (weekly update): #Copper +14,860t (+10.49%)📈 #Aluminum +388t (+0.14%) #Zinc +734t (+0.92%) #Lead +3,787t (+9.29%)📈 #Nickel -510t (-2.00%) #Tin -434t (-4.99%) #Rubber +5,026t (+1.91%) https://t.co/m2ERxR2oz7
China Containerized Freight Index fell by 10% w/w to 1,476.98. $SCFI #Shipping #China https://t.co/wu6nndhrps