CITIC Securities research note: container shipping market overall stable but
route divergence persists; composite freight index has risen six consecutive
weeks. North America lanes firm modestly on seasonal restocking and Panama Canal
flow restrictions, with US West up slightly more than US East.
Europe/Mediterranean demand steady and rates continue to decline. South America
demand is growing, pushing rates higher. Intra-Asia trades are rising on
seasonal replenishment. Oil tanker freight stays at elevated levels.