On April 2, 2010, Shanghai International Shipping Institute (SISI) released the first China Shipping Prosperity Report on the basis of four major indices such as China Shipping Prosperity Index (CSPI). The Report analyzed the overall development trend of China's shipping industry and operating performance of shipping enterprises, in addition to predicting the development trend of China's shipping industry in the second quarter.

The Report pointed out that in 1Q10, China's shipping industry maintained a steady growth, featuring promising momentum of the industry and further enhanced confidence among shipping enterprises. CSPI reached 112.77 points, up 9.19 points over the previous period. Driven by an uplifted confidence among shipping executives, CSFI recorded 118.56 points after advancing 26.66 points from the previous level, leaping directly from depressing into thriving interval. The same leaping trend was also observed in China Shipping Prosperity.

In 2Q10, CSPI and CSFI are predicated to yield 113.90 and 120.93 points respectively. The prosperity indices of shipping transport enterprises, port enterprises and shipping service enterprises are expected to arrive at 114.21, 115.43 and 111.65 points respectively, lying all in the thriving interval. Generally speaking, despite slight rises in operating costs, etc., most monitoring indicators of shipping enterprises will undergo constant improvements from the current level; enterprise operation will still be on the mend. Shipping enterprises will continue to step up, translating into further betterment in the industry’s overall operation. However, the leading indicators of CSCI will experience their first decline after four- month-growth, and CSAI will turn on the alarming light. All these suggest an obscure prospect for China's shipping industry with risks of fluctuations.

Note: CSPI - China Shipping Prosperity Index; CSFI - China Shipping Confidence Index; CSAI - China Shipping Prosperity Alertness Index; CSCI - China Shipping Prosperity Composite Index.