China Freight Rates Rise as October Peak Season Tightens Capacity

"Eleven" golden period is coming! At present, is the shipping season, shipping companies to meet the golden period shipping demand is continuing to increase capacity, but the performance of the market did not meet expectations.
In the near future, most of the flights are fully loaded, and the shortage of shipping space continues. While it is difficult to find one cabin, the freight rate of many routes continues to rise.

Between May and August, freight rates (ocean and ocean surcharges) for shipments from Shanghai to the U.S. West Coast, including the port of Los Angeles, more than doubled, from $1,686 /FEU to $3,639 /FEU, the highest level since 2009, according to the Shanghai Shipping Exchange.

During the same period, freight rates from Shanghai to the East Coast of the United States rose more than 65% from $2,542 /FEU to $4,207 /FEU.

On September 4, the freight rates are $3758 /FEU and $4538 /FEU, respectively.Within a month, they were up about 19% and 30%, respectively.

It is estimated that the end of September booking difficulties, market rates continue to rise and other conditions will be more serious.

During the eleventh month, even to the end of October, Europe and the United States line, Japan line, etc., will be difficult to obtain a cabin, even if the booking of the cabin is expected to also appear in the absence of boxes, cabinets, etc....

This reminds all shippers in the peak season of demand for export goods, must make a decision early to determine the shipment quantity, type, time, etc., relevant export declaration materials also need to be prepared as soon as possible, timely follow up to determine the number of containers to facilitate the arrangement of warehousing.