From May 22nd to 24th, the "Intermodal Asia 2024," co-hosted by the China Container Industry Association and Informa Markets, was held at the Shanghai World Expo Exhibition and Convention Center. The Intermodal Asia Exhibition is a renowned event in the global container transport industry, bringing together numerous industry participants, including manufacturers, suppliers, distributors, and service providers from the container intermodal transport sector, to discuss and exchange cutting-edge technologies and innovative services.

Nanhua Futures' General Manager of the Shipping Division, He Haiyong, was invited to attend and delivered a keynote speech titled "The Application of European Container Line Futures in the Container Shipping Sector" at the "International Shipping Market Hotspot" session. He pointed out that against the backdrop of the ongoing expansion of the Israeli-Palestinian conflict and several major container shipping companies struggling to resume traditional Asia-Europe sea routes, the launch of SCFIS(Europe) Futures Contract trading is timely. He emphasized that shipping companies can effectively hedge against the risks brought by the sharp fluctuations in shipping rates by reasonably using SCFIS(Europe) Futures and over-the-counter options tools, thereby ensuring the stable and sustainable development of Chinese shipping companies. He introduced Nanhua Futures, a leading enterprise in China's futures industry, along with its Hong Kong branch Henghua International, which holds trading and clearing memberships for major futures and derivatives both domestically and internationally. The company has established a dedicated Shipping Division to provide comprehensive, high-quality, professional, and reliable risk management services for Chinese shipping companies.

It is understood that the Shanghai International Energy Exchange (INE), a wholly-owned subsidiary of the Shanghai Futures Exchange, officially launched the Shanghai Export Containerized Freight Index (Europe Line) futures contract on August 18, 2023. This is the first shipping futures product, the first service-type futures product, and the first index-type, cash-settled futures product listed on a commodity futures exchange in China, marking a milestone for both the Chinese futures market and the shipping industry. The first contract of the European Containerized Freight Index futures, EC2404, was successfully delivered on April 29 this year, with a settlement price of 2152.8 points, a delivery volume of 1,640 lots, and a delivery amount of 177 million yuan. The completion of the full process from listing, trading, settlement, to delivery of the European Containerized Freight Index futures lays a solid foundation for better serving the real economy.