The Q2 of 2014 sees rapid rise in global container shipping and sees growth of cargoes of trunk shipping tracks stepped up, superior to secondary and intraregional tracks. Track rate shows obvious differentiation and the overall performance of trunk tracks surpasses the secondary. Mean value of the China Containerized Freight Index (CCFI) in Q2 was 1086.53, indicating a QoQ decline of 2.69% and a year-on-year growth of 1.95%; Mean value of the new-version Shanghai Containerized Freight Index (SCFI) was 1092.78, with a month-on-month growth of 1.3% and a year-on-year of 5.84%.

Influenced by dramatic fluctuation of the downstream needs of major goods, the international dry bulk cargo transport market went far below expectation in Q2. As of June 30, BDI closed at 850. The mean value of Q2 was 982, indicating an increase of 10.6% compared to the same quarter last year and a decline of 28.4% compared to last quarter.

Q2 is the traditional slack season for oil transport, whose fare presents a great decrease compared to Q1. Baltic Dirty Tanker Index (BDTI) averaged 673 in Q2, indicating a quarter-on-quarter decline of 30.6% and a year-on-year growth of 6.94%; Baltic Exchange Clean Tanker Index (BCTI) averaged 560, a quarter-on-quarter decline of 7.74% and a year-on-year decline of 10.47%.

Shanghai International Shipping Institute predicts an accelerated global economic growth in Q3. Drivers for American recovery are consolidated, The Eurozone continues its moderate recovery. The new quantitative easing monetary policy further stimulates domestic consumer demands and boosts the import & export; China’s policy of “steady growth” is further acting, with endogenous power for economic growth gradually enhanced and external demands improved. Japanese economy will pick up after its contraction in Q2, however, such a trend depends on its expansion of export.

The international container transport market, after the alternating dullness and boom in Q2, will embrace its tradition busy season in Q3. Besides, steady expansion of the developed economies gifts global economy with prospect, driving continuous demand growth of the European and American markets and boosting container transport. However, capacity expansion of liner companies partly neutralizes the bullish market of cargo volume, possibly affecting the freight rate. Q3 is predicted to see a high-to-low fare track, with a narrow fluctuation.

Though Q3 is the tradition busy season for international dry bulk transport, multiple existing problems greatly reduce the support for its rate. Staged trend transformation of the real estate industry greatly reduces needs of its related industries and De-stocking of both raw materials and finished products is greatly challenged. Intensified investment in railway results in growth of investment in infrastructure. The rebounding of the international dry bulk transport market depends on whether China’s investment in infrastructure fills the gap resulting from the decline of investment in real estate. As the Q2 market keeps fluctuating at a low level, with limited room for decrease and low expectations for market recovery, which, plus the effect of the busy season, will result in a better rate in Q3 than in Q2, but the room for rise is limited.

In the international market of tanker shipment, it’s predicted that moderate recovery of major economies in Q3 will boost the demands for oil . BDTI will rise in fluctuation while BCTI will rebound.