Marine Transportation: Container Spot Rates (CCFI) Out of China (July 10): Leading Indicator SCFI Declines for First Time in 11 Weeks – Is Seasonal Upcycle Coming to an End?

研报英文原文证据摘录

Marine Transportation: Container Spot Rates (CCFI) Out of China (July 10): Leading Indicator SCFI Declines for First Time in 11 Weeks – Is Seasonal Upcycle Coming to an End?

Update

July 12, 2026 08:21 PM GMT

Morgan Stanley MUFG Securities Co., Ltd.+MMarine Transportation | Japan Takuya Osaka

Equity Analyst

Container Spot Rates (CCFI) Takuya.Osaka@morganstanleymufg.comShan Jiang +81 3 6836-5438

Research Associate

Shan.Jiang@morganstanleymufg.com +81 3 6836-5430

Out of China (July 10): Leading

Indicator SCFI Declines for First

Time in 11 Weeks – Is Seasonal Marine Transportation

Japan

Industry View CautiousUpcycle Coming to an End?

Related reports:

Marine Transportation: Maersk and Hapag-Lloyd

Key Takeaways

Plan to Revert Gemini AE15 Service from Cape

CCFI rose 2.8% WoW on North America routes and 6.0% WoW on Europe routes. of Good Hope Routing Back to Suez Canal/Red

Meanwhile, the SCFI, seen as a leading indicator, declined for the first time in 11 Sea Route (6 Jul 2026)

weeks on both major routes: down 4.1% WoW on North America routes, down Marine Transportation: F3/27 1Q Results Focus

2.9% WoW on Europe routes. Points (6 Jul 2026)

Marine Transportation: Implications of AP We see a likelihood that the seasonal upswing in spot freight rates has peaked.

Moeller - Maersk's Upward Revision to Full-year

According to the latest US container import forecast by the National Retail

Guidance (30 Jun 2026)

Federation (July 8), container import volumes are expected to shift into a

Marine Transportation: Main Variance Between

declining trend from August 2026, both on a MoM and YoY basis.

Our Forecasts and Consensus is Likely

Considering the anticipated acceleration in new vessel supply, as well as cost Differences in Container Shipping Business