On July 5th, the Shanghai Shipping Exchange released the Shanghai Export Container Comprehensive Freight Index at 3733.80 points, an increase of 0.5% from the previous period. Although it still maintains an upward trend, the increase is minimal.

It is worth mentioning that due to weak growth in transportation demand, the supply and demand relationship of the Persian Gulf route continues to weaken, and market freight rates continue to fall from high levels, with a decline of 10.1%. The highly anticipated European line has also experienced a decline. On July 5th, the market freight rate (sea freight and sea freight surcharges) for Shanghai Port's exports to European basic ports was $4857/TEU, a decrease of 0.5% compared to the previous period.

In addition, North American transportation demand continues to remain high, and market freight rates continue to rise. The market freight rates for exports from Shanghai Port to basic ports in the West and East of the United States have increased by 3.5% and 7.2% respectively compared to the previous period.


With the strong demand for transportation in the US market, many liner companies including MSC, ONE, ZIM, and T.S.LINE have recently opened or upgraded their US West routes.

Faced with constantly changing freight rates and the introduction of new shipping routes by shipping companies, the workload of freight forwarders has also increased, requiring them to constantly provide customers with quotes and inquire about the most suitable shipping schedules