According to the latest report released by the Shanghai Shipping Exchange, most shipping routes are experiencing a downward trend in freight rates due to weakened demand. The latest Shanghai export container comprehensive freight rate index is 3097.63 points, a decrease of 5.6% from the previous period.
It is worth noting that the market freight rates (sea freight and sea freight surcharges) for Shanghai Port’s exports to the West and East Coast ports were $5955/FEU and $8546/FEU, respectively, a decrease of 9.5% and 8.1% compared to the previous period. The market freight rates (sea freight and sea freight surcharges) for Shanghai Port’s exports to European and Mediterranean basic ports were $4400/TEU and $4523/TEU, respectively, a decrease of 4.6% and 2.6% compared to the previous period.