According to the CITIC Construction Investment Research Report, China's export container transportation demand was generally stable this week. SCFI remained flat from week to week, and freight rates on most ocean routes fell. The US, West, and East America adjusted slightly after rising in the previous period. Currently, supply and demand have not weakened significantly; Europe and the Mediterranean continue to decline due to weak terminal consumption and import demand; the supply and demand relationship in South America has further loosened, and the decline in freight rates has increased; volume in the Southeast Asian market has remained stable, and regional indices have continued to rise. Overall, routes will continue to be differentiated due to regional demand, capacity investment, and geographical risks. The international oil transportation market continued to be strong this week. BDTI and BCTI rose 10.2% and 9.7%, respectively, and the different crude oil tanker routes moved from an overall rise to a high level of differentiation. Navigation restrictions in the Strait of Hormuz and the southern Red Sea continued to occupy effective capacity; Middle East-China VLCC earnings remained at a historic high level and rose slightly; the US Gulf - China continued to strengthen, supported by demand for remote supplies and the growth of tons and nautical miles; and West Africa and China pulled back at a high level after a rapid rise in the early period. Refined oil tankers remain strong, the capacity of the Middle East LR long-haul route is tight, and the transatlantic MR pallet is relatively stable.

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