The Tianjin Shipping Index (TSI), a key indicator of shipping prices for domestic and international trade in northern China, continued its upward trend in Week 45 (November 3-7, 2025), closing at 1031.25 points. This marks a cumulative increase of 32.07 points, or 3.21%, compared to the last trading day of Week 44 (October 31).

The TSI, compiled by the Tianjin International Trade and Shipping Service Center, reflects price fluctuations in the shipping market of Tianjin and northern China. It is a composite index derived from the Northern International Container Freight Index (TCI), the Northern International Bulk Freight Index (TBI), and the Coastal Container Freight Index (TDI).

Breaking down the components: 1. **Northern International Container Freight Index (TCI)**: Rose further, closing at 1111.71 points, up 4.49% from October 31. - European routes maintained tight capacity, with freight rates rising 3.26% week-on-week. - Eastern and Western Mediterranean routes saw increases of 7.14% and 5.46%, respectively. - U.S. routes benefited from the latest Sino-U.S. trade agreement, pushing rates up 3.77% (West Coast) and 1.18% (East Coast).

2. **Northern International Bulk Freight Index (TBI)**: Recovered after a weak start, closing at 1127.92 points, up 1.82% from October 31. - Grain freight rates fluctuated narrowly, while coal and metal ore rates stabilized and rebounded.

3. **Coastal Container Freight Index (TDI)**: Continued climbing, closing at 1094.87 points, up 3.42% from October 31. - Outbound freight rates rose, with Tianjin-Quanzhou/Xiamen and Tianjin-Guangzhou routes up 5.25% and 3.21%, respectively. - Inbound freight rates surpassed 1000 points, gaining 3.54% for the week.

The TSI, published on each business day, tracks 27 international routes linking Tianjin, Qingdao, and Caofeidian ports to global hubs, as well as domestic routes between Tianjin and major Chinese ports. The index uses July 16, 2010, as its base period (1000 points).