I. Tianjin Shipping Index (TSI)
In Week 33, 2025 (Aug.11 to Aug.15), Tianjin Container Freight Index (TCI) continued to decrease. Tianjin Bulk Freight Index (TBI) increased at first and then decreased. Tianjin Domestic Container Freight Index (TDI) stopped falling and increased. The TSI decreased slightly, eventually closing at 1015.98 points, with a cumulative decrease of 2.45 points or 0.24% from Aug.8 (the last release day of Week 32). The trend of TSI is as follows:
The value and trend of TSI is as follows：
II. Tianjin Container Freight Index (TCI)
In Week 33, 2025 (Aug.11 to Aug.15), the trend of Tianjin Container Freight Index (TCI) is as follows:
In Week 33, the TCI continued to decrease.
From Aug.11-Aug.13 (Mon.-Wed.), the freight rates in European route, Mediterranean route, American route, South American East route, South American West route and Indian route decreased, and the freight rate in Central and South American route decreased at first and then increased. The TCI continued to decrease, with a cumulative decrease of 2.24% on three releasing days. From Aug.14-Aug.15 (Thur.-Fri.), the freight rates in European route, Mediterranean route, American route and South American East route continued to decrease. The freight rate in Indian route stopped falling and increased, and the freight rates in South American West route and Central and South American route kept steady. The TCI continued to decrease, with a cumulative decrease of 0.79% on two releasing days.
Finally, the TCI closed at 1211.25 points, with a cumulative decrease of 37.51 points (3.00%) from Aug.8 (the last release day of Week 32).
The TCI index value and several ups and downs on a day-on-day basis are as follows:
The TCI includes 19 sample routes. The main route analysis of this week is as follows:
European/Mediterranean route The market shipping demand was relatively weak, and shipping companies launched discounted shipping spaces, further shifting the focus of freight rates downwards. The freight indices in European route, Mediterranean East route and Mediterranean West route closed at 931.55 points, 944.31 points and 1265.92 points, with the decrease of 6.07%, 3.74% and 2.66% on a week-on-week basis.
American route The demand for booking shipping space in the market remained sluggish, and freight rates continued to decrease. The freight indices in American West Coast route and American East Coast route closed at 739.97 points and 791.46 points, with the decrease of 4.52% and 3.76% on a week-on-week basis.
South American route The South American West route and South American East route had ample cargo space, prompting shipping companies to reduce freight rates in an effort to attract cargo. The freight indices in South American West route and South American East route closed at 955.25 points and 1935.86 points, with the decrease of 10.78% and 12.16% on a week-on-week basis. The market volume of cargo on the South American East route rebounded, leading to a tight supply of heavy cargo space and a downward fluctuation in the freight rate. The freight index closed at 1354.49 points, with the decrease of 2.16% on a week-on-week basis.
Indian route At the beginning of the week, the market freight rate saw a slight decline, prompting shipping companies to reduce their voyage schedules. However, in the latter half of the week, the market freight rate stabilized and rebounded. The freight index closed at 868.55 points, with the increase of 0.32% on a week-on-week basis.
III. Tianjin Bulk Freight Index (TBI)
In Week 33, 2025 (Aug.11 to Aug.15), the trend of Tianjin Bulk Freight Index (TBI) was released as shown as follows:
In Week 33, the TBI showed an initial rise followed by a decline, maintaining an overall fluctuating trend.
On Aug.11 (Mon.), freight rates in the coal, grain, and metal ore markets all increased, driving the TBI up by 1.77% compared to the previous day. Subsequently, freight rates in the coal and grain markets experienced slight consecutive declines, while the metal ore market saw a noticeable drop, dragging the TBI down for three consecutive days from Aug.12 to 14 (Tue. to Thur.), with a cumulative decline of 1.25%. On Aug.15 (Fri.), freight rates in the coal market remained weak, while grain and metal ore freight rates stabilized, leading to a slight increase in the TBI. The index finally closed at 1118.61 points, up 7.73 points or 0.70% compared to Aug.8 (the last release day of Week 32).
The TBI index value and several ups and downs on a day-on-day basis are as follows:
Tianjin Bulk Coal Freight Index (TBCI) Closed at 841.18 points, up 4.40 points (0.53%) compared to Aug.8 (the last release day of Week 32). In the Supramax market, coal cargo transactions in Southeast Asia remained stable, and the freight index for the Indonesia to Qingdao route rose by 0.13% week-on-week. In the Capesize market, the Hay Point-Qingdao route freight index first rose and then fell, with a week-on-week increase of 0.76%.
Tianjin Bulk Grain Freight Index (TBGI) Closed at 926.38 points, down 1.68 points (0.18%) compared to Aug.8 (the last release day of Week 32). South American grain cargo transactions were sluggish, and the freight index for the South America to Tianjin route fell by 0.21% week-on-week, and that for the U.S. Gulf to Tianjin route dropped by 0.22% week-on-week. In contrast, freight rates in the Pacific market remained firm, with the freight index for the U.S. West Coast to Tianjin route rising by 0.08% week-on-week.
Tianjin Bulk Mineral Freight Index (TBMI) Closed at 1588.27 points, down 20.47 points (1.31%) compared to Aug.8 (the last release day of Week 32). In the iron ore market, Australian miners were active in inquiries, and FFA forward contract prices also rose. The freight index for the Western Australia to Northern China route fluctuated upward, with a week-on-week increase of 1.16%. Brazilian iron ore cargo transactions were stable, with limited idle capacity in the market. The freight index for the Brazil to Tianjin route saw a more significant increase, up by 2.44% week-on-week. As for nickel ore, transactions of Philippine nickel ore decreased at the beginning of the week and increased slightly in the later part. The freight index for the Surigao to Tianjin route fluctuated narrowly during the week and was unchanged by the end of the week compared to the previous Friday.
IV. Tianjin Domestic Container Freight Index (TDI)
In Week 33, 2025 (Aug.11 to Aug.15), the trend of the Tianjin Domestic Container Freight Index (TDI) is shown in the chart below:
In Week 33, the Tianjin Domestic Container Freight Index stopped falling and rose.
On Aug.11 (Mon.), the outbound index and inbound index rose, and TDI slightly increased before returning to stability. From Aug.13 to Aug.15 (Wed. to Fri.), the inbound index drove TDI further upward, ultimately closing at 920.49 points, a cumulative increase of 28.77 points or 3.23% compared to Aug.8 (the last release day of Week 32).
The TDI index value and several ups and downs on a day-on-day basis are as follows:
The Tianjin Domestic Container Outward Freight Index (TDOI) Continued its weak upward trend, closing at 963.78 points on Aug.15, with a cumulative increase of 1.72 points or 0.18% compared to Aug.8 (the last release day of Week 32). The freight rates in the outbound containerization transport market remained stable, with a slight increase in freight rates from Tianjin to Fujian. The freight index for the Tianjin Quanzhou/Xiamen route closed at 1116.47 points, up 1.04% on a weekly basis. The driving force for the increase in freight rates from Tianjin to South China and East China was insufficient. The freight rates for the Tianjin to Guangzhou and Tianjin to Shanghai routes remained stable, with freight indices closing at 918.81 points and 1110.30 points respectively, unchanged on a weekly basis.
The Tianjin Domestic Container Inward Freight Index (TDII) Stopped falling and rebounded, closing at 877.20 points on Aug.15 with a cumulative increase of 55.82 points or 6.80% compared to Aug.8 (the last release day of Week 32). The demand for booking in South China and Fujian recovered, and the freight rates on the Guangzhou to Tianjin route slightly rebounded. The freight index closed at 898.56 points, up 4.18% on a weekly basis; The freight rates for the Quanzhou/Xiamen to Tianjin route rebounded significantly, with the freight index closing at 689.41 points, an increase of 31.65% on a weekly basis. The freight rates in the East China market remained stable, with the Shanghai to Tianjin route freight index closing at 1061.42 points, unchanged from the previous week.
(The analysis report is for reference only and at your own risk)
