The company is to implement the "Opinions of the State Council on Accelerating the Development of Modern Service Industry and Advanced Manufacturing Industry in Shanghai to Build an International Financial Center and an International Shipping Center" (Guofa No. 200919) and the Shanghai Municipal People's Government and Transportation It was established in accordance with the requirements of the "Memorandum of Cooperation on Accelerating the Construction of Shanghai International Shipping Center" issued by the Ministry of Transport.
SSEFC is controlled by the Shanghai Shipping Exchange and is managed by the Shanghai Municipal People's Government and the Ministry of Transport. Based on the principle of "benefiting the country and the people, fairness and innovation", SSEFC serves shipping companies, cargo owners, freight forwarders, and unmanned shipping companies. Provide services to shipping carriers, traders and investors for shipping freight trading activities.
SSEFC will successively launch shipping freight derivatives transactions such as Shanghai export containers, China coastal coal, and international ocean dry bulk cargo, filling the gap in my country's shipping freight derivatives market and controlling shipping for Chinese shipping companies. Risk creates conditions.
SSEFC’s goal is to become an international shipping freight trading center and pricing center based in China and facing the world. This is not only a revolution in concepts, technology and services in the 3000-year history of shipping, but also a landmark breakthrough in building Shanghai into an international financial center and international shipping center. It is also an important step in promoting the internationalization of the RMB and enhancing my country's status as a major shipping country and its voice in the international market. An important milestone.
On the morning of June 28, 2011, Shanghai Shipping Freight Trading Co., Ltd. (SSEFC) held a grand opening ceremony. Zhi Guanglu, deputy director of the Water Transport Bureau of the Ministry of Transport, Shen Xiaosu, deputy director of the Shanghai Municipal Construction and Communications Commission, Wu Qing, mayor of Hongkou District, and other relevant leaders attended the ceremony and delivered congratulatory speeches. Leaders of shipping companies such as China Shipping Group, COSCO Group and SIPG were also present to congratulate.
At 9:25, Zhang Ye, President of Shanghai Shipping Exchange and Chairman of Shanghai Shipping Freight Trading Co., Ltd., sounded the gong for the opening of SSEFC, and the first batch of shipping freight derivatives transactions were completed. Immediately, the sound of gongs, bright fireworks, and thunderous applause at the ceremony pushed the atmosphere to its climax. The real-time market conditions for shipping freight derivatives trading were simultaneously displayed on the big screen. At the same time, SSEFC President Yu Jun solemnly announced that shipping freight trading has officially opened. and announced the transaction data to the guests present: the opening price of the October contract for the European route was US$866/TEU, and the opening price of the October contract for the West American route was US$1,658/FEU.