Container Spot Rates (CCFI) Out of China (June 18): Japanese Shipping Line Share Prices, Like Global Container Companies, Are Not Reacting Positively to Rising Spot Freight Rates

研报英文原文证据摘录

Container Spot Rates (CCFI) Out of China (June 18): Japanese Shipping Line Share Prices, Like Global Container Companies, Are Not Reacting Positively to Rising Spot Freight Rates

Update

June 21, 2026 10:42 AM 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 (June 18): Japanese

Shipping Line Share Prices, Like

Global Container Companies, Marine Transportation

Japan

Industry View CautiousAre Not Reacting Positively to

Related reports:

Mitsui O.S.K. Lines: Small Meeting withRising Spot Freight Rates

President: No Convincing Explanation on

Outlook for Container Shipping, the Most

Key Takeaways Volatile Business (10 Jun 2026)

CCFI rose +11.8% WoW on North America routes and +9.5% on Europe routes. Kawasaki Kisen: Feedback from President's

SCFI increased +10.1% WoW on North America routes and +2.6% on Europe Small Meeting: Awaiting Official Announcement

routes. of Next MTP (8 Jun 2026)

The structure driving increase in spot freight rates (seasonal demand growth due Nippon Yusen: Small Meeting with President:

to an early peak season and continuation of surcharges/GRIs) remains unchanged. Company Intends to Expand Growth

Investments Such as M&A in Next Mid-term Plan

We infer that ONE’s F26 1Q earnings are likely to exceed company plans, but we

(3 Jun 2026)

assume the sustainability of this upside is uncertain.

According to Clarkson, new container ship supply in calendar 2026 is 1.73mn TEU,

of which ~1.2mn TEU is scheduled for delivery from summer 2026 onward.

Furthermore, Clarkson projects container ship newbuild supply at 3.19mn TEU in