Ice fire in shipping market double-day recovery of international trade still takes time

Xinhua Shanghai, July 14 (Xinhua Zhou Lin) has a "barometer" of international trade, said the international shipping market is staged "ice fire double days."　　One side is the transport of coal, iron ore and other primary raw materials of the dry bulk shipping market freight prices continue to fall, the authoritative index of the Baltic Comprehensive Freight Index (BDI) below 2000 points, set a new low for nearly 14 months.　　While strong volume growth has led to a rapid recovery in container shipping market demand, especially in the case of container shortages, a box of difficult to find, some companies have even had to reject the long cycle of invoices to shorten the use of the box cycle.　　China's foreign trade and import and export data released by the General administration of Customs showed that in June, China's monthly export value and import and export values of 137.4 billion and 254.77 billion U.S. dollars respectively, both to refresh the record since July 2008, exceeding market expectations.　　At the beginning of 2010, the International Container Chartering index (HRCI) had just reached 335.5, and was affected by the volume recovery, as at the end of June, the index had risen to 628.9, almost doubled, many container shipping companies choose to raise prices and Levy peak season surcharge means to cope with volume growth. The explosive situation in the container market has raised questions about whether the financial crisis has really passed.　　International trade is recovering strongly?　　In fact, the industry said that during the financial crisis, large consolidation enterprises have adopted a variety of measures to reduce capacity to deal with losses, and now the volume of recovery, so that relatively tight capacity, is the current container shipping market "a case difficult to seek" the real reason.　　The 2009 financial crisis, for container enterprises like a nightmare, China Ocean and CSCL is 7.541 billion yuan and 6.489 billion yuan loss, occupy 2009 China A-share market annual report losses before two seats. "In the context of the continued downturn in international trade, container giants have to join forces to seal capacity, and through slow sailing, early dismantling of ships, delaying the delivery of ships and other means to alleviate the situation of oversupply." In particular, many shipping companies also canceled the order of containers, some small container factories even face bankruptcy, but also to the small container supply, resulting in the current container shipping market capacity is relatively tense.　　Ninguan, director of the Far East International Leasing and Shipping Consulting division. In addition, in the second half of last year, China's iron ore, coal and other transport demand is strong, dry bulk market has a short-lived boom, these raw materials for the delivery of manufactured goods is bound to have a breakout period.　　Coupled with China's cancellation of some of the export tax rebates and other policies, some manufacturers to seize the export caused by busy appearance. "But that does not mean that there is a real recovery in international trade." Container market has a certain lag period, and relatively dry bulk market is more monopolistic, do not exclude the possibility that some oligarchs seize the opportunity to raise prices.　　"Ninguan said.　　China's low-cost advantage is fading, and will also affect the sustainability of export growth, Ninguan said, overall, the current assertion that the recovery is premature. Sinotrans container Transport, a sales person also told reporters that in previous years 7, 8Month container transportation Peak season will appear similar to the phenomenon of explosion, this year is no exception, but the volume of goods from the peak of 2008 years there is still a gap. By contrast, a slowdown in iron ore imports, a low domestic coal price and a cut in steel mills have put demand on hold and dry bulk markets have been sluggish since June. The decline of the BDI index and the continuing slump in the dry bulk market, which takes months to transmit to the container market, and the end of CR, say industry insiders are still awaiting observation on the sustainability of the container market.