I. Tianjin Shipping Index (TSI)
In Week 44, 2025 (Oct.27 to Oct.31), Tianjin Container Freight Index (TCI) continued to increase. Tianjin Bulk Freight Index (TBI) fluctuated downwards. Tianjin Domestic Container Freight Index (TDI) increased significantly. The TSI climbed steadily, eventually closing at 999.18 points, with a cumulative increase of 18.38 points or 1.87% from Oct.24 (the last release day of Week 43). The trend of TSI is as follows:
The value and trend of TSI is as follows:
II. Tianjin Container Freight Index (TCI)
In Week 44, 2025 (Oct.27 to Oct.31), the trend of Tianjin Container Freight Index (TCI) is as follows:
In Week 44, the TCI increased gradually.
From Oct.27-Oct.29 (Mon.-Wed.), the freight rates in European route, Mediterranean route, American route, South American West route, South American East route and Indian route increased steadily, and the freight rate in Central and South American route was weak. The TCI continued to climb, with a cumulative increase of 1.55% on three releasing days. From Oct.30-Oct.31 (Thur.-Fri.), the freight rates in European route, Mediterranean route, American route and South American West route continued to increase, and the freight rate in South American East route decreased slightly. The freight rate in Central and South American route stopped falling and rebounded, and the freight rate in Indian route continued to increase. The TCI increased rapidly, with a cumulative increase of 2.23% on two releasing days.
Finally, the TCI closed at 1063.97 points, with a cumulative increase of 39.02 points (3.81%) from Oct.24 (the last release day of Week 43).
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 Major ports such as Rotterdam, Hamburg, and Antwerp were experiencing severe congestion, leading to delays in ship berthing and loading/unloading. This week liner companies increased the FAK (Freight All Kinds), GRI (General Rate Increase), and other fees, driving freight rates to continue to rise. The freight indices in European route, Mediterranean East route and Mediterranean West route closed at 634.02 points, 809.67 points and 1075.70 points, with the cumulative increase of 6.16%, 5.01% and 8.45%.
American route The available shipping capacity in the market continued to decrease, and shipping companies were facing a shortage of containers, driving freight rates to rise further this week. The freight indices in American West Coast route and American East Coast route closed at 938.46 points and 899.26 points, with the cumulative increase of 6.91% and 9.28%.
South American route Freight rates showed divergent trends. On the South American West route, a large-scale strike by dock workers in Mexico led to port congestion and tight spot space, causing the freight rate to surge this week. The freight index closed at 929.83 points, with the increase of 12.29% on a week-on-week basis. On the South American East route, the market cargo volume support was weak, and the freight rate increased at first and then decreased. The freight index closed at 1358.19 points, with the increase of 0.49% on a week-on-week basis. On the Central and South American route, both market supply and demand were weak, and the freight rate fluctuated downwards. The freight index closed at 968.70 points, with the decrease of 0.81% on a week-on-week basis.
Indian route Due to the insufficient recovery of shipping capacity after the National Day holiday and the Diwali holiday in India, shipping companies continued to reduce available cargo space. This week the cargo space situation remained tight, and the market freight rate remained strong. The freight index closed at 713.58 points, with the increase of 4.81% on a week-on-week basis.
III. Tianjin Bulk Freight Index (TBI)
In Week 44, 2025 (Oct. 27 to Oct. 31), the trend of Tianjin Bulk Freight Index (TBI) was released as shown as follows:
In Week 44, the TBI first declined and then rose.
From Oct. 27 to Oct. 30 (Mon. to Thur.), coal market freight rates continued to decline slightly, grain market freight rates fluctuated narrowly and metal ore market freight rates decreased significantly. The TBI continued to show a weak trend, with a cumulative decrease of 2.31% over the four release days. On Oct. 31 (Fri.), grain market freight rates fell slightly, while coal and metal ore markets freight rates rebounded slightly, driving the TBI to rise modestly, ultimately closing at 1107.71 points, with a cumulative decrease of 16.91 points or 1.50% compared to Oct.24 (the last release day of Week 43).
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 840.44 points, a cumulative decrease of 8.48 points or 1.00% compared to Oct. 24 (the last release day of Week 43). In terms of the supramax market, Indonesian coal parcels were limited, while the spot shipping capacity supply increased. The freight index for the Indonesia to Qingdao route decreased by 0.75% on a weekly basis. In terms of the Capsize market, the overall freight rates were under pressure and declined, and the freight index for the Hay Point to Qingdao route fell by 1.14% on a weekly basis.
Tianjin Bulk Grain Freight Index (TBGI) Closed at 942.47 points, a cumulative decrease of 1.27 points or 0.13% compared to Oct. 24 (the last release day of Week 43). The number of South American grain cargo transactions decreased, and the market was generally stable. The freight index for the South America to Tianjin route dropped by 0.28% on a weekly basis, and the freight index for the US Gulf to Tianjin route decreased by 0.15% on a weekly basis. In contrast, the freight index for the West America to Tianjin route increased by 0.43% on a weekly basis.
Tianjin Bulk Mineral Freight Index (TBMI) Closed at 1540.22 points, a cumulative decrease of 40.97 points or 2.59% compared to Oct. 24 (the last release day of Week 43). In terms of iron ore, there were a small number of Australian iron ore cargo transactions at the beginning of the week, while the transactions of Brazilian miners were sluggish, the market freight rates continued to decline in the first half of the week. In the second half of the week, the market activity increased, and the market freight rates stopped falling and stabilized. The freight index for the Western Australia to Northern China route decreased by 3.31% on a weekly basis, and the freight index for the Brazil to Tianjin route fell by 0.46% on a weekly basis. In terms of nickel ore, the rainy season in the Philippines affected the shipment of nickel ore, and the freight index for the Surigao to Tianjin route decreased by 1.97% on a weekly basis.
IV. Tianjin Domestic Container Freight Index (TDI)
In Week 44 (Oct.27 to Oct.31), the trend of the Tianjin Domestic Container Freight Index (TDI) is shown in the chart below:
In Week 44, the Tianjin Domestic Container Freight Index continued to rise.
On Oct.27 (Mon.), the inbound index slightly fell and TDI slightly declined. From Oct.28 to Oct.31 (Tue. to Fri.), the outbound index showed a significant increase, while the inbound index stopped falling and rose, driving TDI to rise significantly, ultimately closing at 1058.66 points, with a cumulative increase of 42.35 points or 4.17%, compared with Oct.24 (the last release day of Week 43).
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 upward trend, with the increase widening. On Oct.31, it closed at 1125.27 points, a cumulative increase of 70.57 points or 6.69% compared to Oct.24 (the last release day of Week 43). The transportation capacity of Tianjin's outbound domestic trade container transport market was still relatively tight, and the shipment volume maintained an upward trend. The market freight rates rose comprehensively. The freight indices of Tianjin to Shanghai route, Tianjin to Quanzhou/Xiamen route, and Tianjin to Guangzhou route closed at 1103.09 points, 1311.65 points, and 1091.27 points respectively, with a weekly increase of 3.97%, 5.64%, and 7.23%.
The Tianjin Domestic Container Inward Freight Index (TDII) Fluctuated and rose, closing at 992.05 points on Oct.31, a cumulative increase of 14.14 points or 1.45% compared to Oct.24 (the last release day of Week 43). The shipment of goods that are prone to freezing in the southern market accelerated, and some large ships in southern China adjusted to dock in Zhuhai. Shipping capacity was relatively tight, and freight rates on the Guangzhou to Tianjin route rose, with the freight index closing at 1032.20 points, up 2.05% on a weekly basis. The freight indices for the Shanghai to Tianjin route and the Quanzhou/Xiamen to Tianjin route closed at 1061.42 points and 797.25 points, respectively, remaining unchanged on a week over week basis.
(The analysis report is for reference only and at your own risk)
