This year, because of geopolitical conflict factors, whether it is sea freight, or upstream raw material prices, there have been large fluctuations. Recently, there is news that the Houthi armed attack on the US aircraft carrier, the geopolitical situation is once again tense, freight and raw material prices are ready to move.

Rate: Another $1,000

The early arrival of the peak season of European routes, as well as the demand for replenishment of inventory on the United States line, jointly promoted the general rise in freight rates of the whole route.

On May 31, the latest Shanghai freight Index (SCFI) rose 12.63% to 3044.77 points, rising for eight consecutive weeks and breaking through the 3,000 point mark, of which the United States and Africa routes increased the most significantly. It's up nearly 57% in a month.

Specifically, the freight rate of the US-West route rose by nearly a thousand dollars, a weekly increase of 18.87%, and the freight rate of the US-East route rose by 11.17%. Freight rates for Mediterranean and European routes also increased by 11.11 percent and 9.71 percent, respectively. Of particular note is that the U.S. West and U.S. East freight rates broke the $6,000 and $7,000 mark, respectively.

In terms of other routes, freight rates from Shanghai to West Africa, South Africa and South America have also increased significantly by $799, $936 and $343, respectively.

SCFI's specific quotation: the freight rate from Shanghai to Europe is $3,740 /TEU, up $331, a weekly increase of 9.71%; The Shanghai-Mediterranean freight rate was $4,720 /TEU, up $472 or 11.11% weekly; The freight rate from Shanghai to West America was 6,168 US dollars /FEU, up 979 US dollars, or 18.87% weekly increase; The freight rate from Shanghai to the East of the United States was 7,206 US dollars /FEU, up 724 US dollars, or 11.17% weekly increase.

In addition, other routes: Shanghai to South America (Santos) per 20 feet container freight is 7408 US dollars, up 343 US dollars; The freight rate of 20 feet container from Shanghai to West Africa (Lagos) is 6151 USD, up 799 USD; The freight rate per 20 feet container from Shanghai to South Africa (Durban) is 4824 US dollars, up 936 US dollars.

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