China Market Freight Updates, August 2024
August 6, 2024
As a global digital logistics expert, YQN Logistics offers online consultative international logistics services covering ocean freight, air freight, rail freight, multimodal transportation, trucking, customs clearance, insurance, overseas warehousing, and destination services.
Shipping from China to most regions is now characterized by stable demand and no supply chain problems. The statistical data illustrates the decline of ocean freight rates in most cases. Check out the insights below for detailed information by region:
China to South America
Shipping demand growth remains stagnant. This week, the market freight rate from Shanghai Port, China to the basic ports in South America decreased by 0.9% compared with the previous week.
In this situation, we recommend you to monitor developments closely and await future updates before making any decisions.
The following are examples of the most cost-effective rates for transporting 20-foot FCL containers from Shanghai to South America.
| POL-POD | Freight Rate | Check Rates |
|---|---|---|
| Shanghai - Callao | From $3026 | Check Rates |
| Shanghai - Guayaquil | From $3225 | Check Rates |
| Shanghai - Santos | From $7002 | Check Rates |
| Shanghai -Manzanillo | From $2651 | Check Rates |
| Shanghai - Buenos Aires | From $6591 | Check Rates |
China to Europe
According to the data released by the European statistics agency, the economic sentiment index fell slightly by 0.1, of which the service sector index fell more. At present, the recovery of the European economy is not optimistic. In addition, tensions in the Middle East have heated up again, and the Asia-Europe trade routes will continue to face numerous risky events in the future.
This week, transportation demand remained stable and spot market booking prices dropped slightly. The container shipping rates from China to the Europe base ports decreased by 1.7%, while that from China to MED base ports decreased by 5.2% compared with the previous week.
The following are examples of the most cost-effective rates for transporting 20-foot FCL containers from China to Europe.
| POL-POD | Freight Rate | Check Rates |
|---|---|---|
| Shanghai - Hamburg | From $4050 | Check Rates |
| Shanghai - Rotterdam | From $4372 | Check Rates |
| Shanghai - Fos Sur Mer | From $4419 | Check Rates |
China to Asia
Transportation demands remained stable, and shipping rates rose slightly. This week, the freight rate index for China's exports to Japan was 776.75.
The following are examples of the most cost-effective rates for transporting 20-foot FCL containers from China to Japan.
| POL-POD | Freight Rate | Check Rates |
|---|---|---|
| Ningbo - Tokyo | From $70 | Check Rates |
| Ningbo - Yokohama | From $70 | Check Rates |
| Shanghai - Nagoya | From $310 | Check Rates |
China to the Middle East
Transportation demand remained robust, keeping supply and demand in equilibrium, thereby maintaining a stable freight rate. This week, the market freight rate for exports from China to the basic ports in the Persian Gulf decreased slightly by 0.1% compared to the previous week.
The following are examples of the most cost-effective rates for transporting 20-foot FCL containers from China to the Middle East.
| POL-POD | Freight Rate | Check Rates |
|---|---|---|
| Shanghai - Abu Dhabi | From $1950 | Check Rates |
| Shanghai - Dammam | From $2065 | Check Rates |
| Dalian - Jebel Ali | From $2250 | Check Rates |
| Ningbo - Abu Dhabi | From $2000 | Check Rates |
China to Australia and New Zealand
Driven by growing transportation demands and solid supply and demand dynamics, this week market freight rates for shipments from Shanghai port to base ports in Australia and New Zealand increased by 6.7%.
The following are examples of the most cost-effective rates for transporting 20-foot FCL containers from China to Australia and New Zealand.
| POL-POD | Freight Rate | Check Rates |
|---|---|---|
| Shanghai - Sydney | From $1710 | Check Rates |
| Shanghai - Melbourne | From $1710 | Check Rates |
| Shanghai - Brisbane | From $1710 | Check Rates |
| Shanghai - Auckland | From $1750 | Check Rates |
| Shanghai - Tauranga | From $1750 | Check Rates |
China to North America
Driven by sluggish employment growth and high inflation, transportation demand stagnated, supply and demand fundamentals weakened, and market rates adjusted accordingly. This week, the market freight rate for exports from China to U.S. West and U.S. East base ports decreased by 6.3% and 2.2% respectively compared to the previous week.
The following are examples of the most cost-effective rates for transporting 20-foot FCL containers from China to North America.
| POL-POD | Freight Rate | Check Rates |
|---|---|---|
| Shanghai - Seattle (Wa) | From $5095 | Check Rates |
| Qingdao - Edmonton | From $5808 | Check Rates |
| Shanghai - New York | From $7481 | Check Rates |
| Shanghai - Vancouver | From $5008 | Check Rates |
Cargo transportation from China remains positive, with sufficient equipment and space to meet growing demand.
On the YQN platform, customers can easily compare rates, make bookings, and fulfill orders online, addressing common industry challenges. If you want to receive a personalized offer, send a request and our manager will contact you and provide an individual offer depending on your requirements.
---
YQN Operation Team
info@yqn.com
