Friday, June 27, 2025
Home Rates & Surcharges Weak demand drags down spot rates from China

Weak demand drags down spot rates from China

The Shanghai Containerized Freight Index (SCFI) went down 4.8% from the previous week to 797.78 points in the week of Nov. 4, despite the fact that it was already in the middle of the peak season.

The trade route to Europe, a decrease in container movement urged some carriers to accept shipments at lower freight rates. Spot rates from Shanghai fell 2.9% to $708 per TEU. Likewise, those to the Mediterranean declined 2.1% to $706 per TEU.

On the U.S. route, freight movement slowed down due to the trade friction between Washington and Beijing. Freight rates depreciated 11.8% to $1,351 per FEU to the west coast of North America, and 6.8% to $2,398 per FEU to the east coast.

On the trade to the Middle East Gulf, some operators drove down freight rates, which diminished 2.3% to $755 per TEU. Those to Australia and New Zealand also dipped, as shipping line took relevant actions, plunging 10% to 1,056 per TEU. On the route to South America, freight rates increased notably earlier in the month, but as carrier took measures to lower them, they plummeted 10.1% to 1,389 per TEU.

On the Japan route, container movement was stable, raising freight rates to Kansai 2.2% to $223 per TEU and those to Kanto 1.3% to $239 per TEU.





Latest Posts

Konecranes delivers crane package for BAE Systems’ in Scotland

Konecranes has completed a turnkey crane project for BAE Systems’ brand-new shipbuilding hall in Govan, Scotland. The installation, finished in June 2025, includes two electric...

Kalmar launches digital tool to streamline equipment inspections

Kalmar has introduced Inspector, a new digital application designed to streamline daily inspections of material handling equipment. Inspector enhances the efficiency of routine equipment checks...

Tariff fever fuels shipping surge, hangover looms

Global merchandise trade is enjoying a sudden growth spurt, but shipping executives warn the boom could prove as short-lived as a sugar rush. As Bloomberg...

Matson raises quarterly dividend

Matson has announced an increase to its quarterly dividend, with the Board of Directors declaring a third-quarter dividend of US$0.36 per common share. This represents...

RSGT expands operations across four key Red Sea ports

Red Sea Gateway Terminal (RSGT) and a subsidiary of the Sustainable Infrastructure Holding Company (SISCO), has announced a major strategic expansion into multi-purpose terminal...
error: Content is protected !!