en.Wedoany.com Reported - The Shanghai Shipping Exchange in China released a weekly report on May 9, stating that the current situation in the Middle East is relatively stable, but the future situation still faces considerable uncertainty. This week, China's export container transport market remained stable, with market freight rates on most routes edging up slightly, driving the composite index higher. On May 8, the Shanghai Containerized Freight Index (SCFI) stood at 1954.21 points, up 2.2% from the previous period.

Looking at specific routes, most performed stably. Spot market freight rates on the Persian Gulf route saw a slight decline. On May 8, the market freight rate for exports from Shanghai Port to basic ports in the Persian Gulf was $3,925 per TEU, down 0.3% from the previous period. For other routes, the upward trend in freight rates reflects a steady recovery in market demand.

The Shanghai Shipping Exchange noted in its report that although the military conflict in the Middle East region remains in a ceasefire state and the geopolitical situation has stabilized compared to previous months, the future direction still faces considerable uncertainty. This assessment is related to the recent conflict between the U.S. and Iran in the Strait of Hormuz, where repeated back-and-forth between negotiations and friction has brought a sustained geopolitical risk premium to the shipping market.

The overall stability of China's export container transport market has benefited from the continued recovery of China's export demand and the flexible response of shipping companies in capacity deployment. As freight rates on most routes edge up slightly, market confidence has seen some improvement.

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