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

2026-09-11

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.