China Market Freight Updates – 2024 December
YQN Operation Team | 2024.12.13 | info@yqn.com
At present, China's export container transportation market is generally stable, different routes rates have various trends, while the composite index rose slightly. This month's manufacturing PMI rose to 51.5, marking a small peak over the past five months and indicating that China's economy continues to grow steadily. This plays a supporting role for the continued stable development of China's export container transportation market.
If you want to be updated with the newest freight rates, you can search on YQN's digital freight platform.
China to South America
With steady growth in transportation demand and solid supply and demand fundamentals, market freight rates continued to rise this week. At the beginning of this month, the sea freight rates (with surcharges) for export from Shanghai port to the base port of South America was US$5,711/TEU, up to 6.8% increase.
Welcome to click and check YQN’s competitive rates.
| POL-POD | YQN’s Rate | More Details |
|---|---|---|
| Shanghai - Callao | from $1525 | Check Rates |
| Shanghai - Guayaquil | from $1925 | Check Rates |
| Shanghai - Manzanillo | from $1906 | Check Rates |
| Shanghai - Buenos Aires | from $4330 | Check Rates |
HISTORY RATES OF CALLAO
China to India
According to latest news, Indian ports are facing threats of disruption as port workers plan indefinite strikes starting December 17. This is likely to result in congestion at Indian destination ports and probably will increase freight rates this month.
Check the rates below for the most cost-effective rates for shipping a 20ft FCL container from China to India.
| POL-POD | YQN’s Rate | More Details |
|---|---|---|
| Shanghai - Chennai | from $1350 | Check Rates |
| Shanghai - Kolkata | from $1750 | Check Rates |
China to Southeast Asia
Ocean freight rates for China-to-Southeast Asia shipping routes continued to rise in November. However, with carriers providing sufficient space to meet demand and a decline in shipments as the holiday season's shipping rush has ended, rates are expected to drop slightly this month. For many routes, the rates have decreased by $50/TEU compared to last week.
Check the rates below for the most cost-effective rates for shipping a 20ft FCL container from China to the Southeast Asia.
| POL-POD | YQN’s Rate | More Details |
|---|---|---|
| Shanghai - Singapore | from $580 | Check Rates |
| Shanghai - Ho Chi Minh | from $950 | Check Rates |
| Shanghai - Bangkok | from $875 | Check Rates |
China to Middle East
As demand for transportation continues to grow and the recurring local tensions continue to affect market rates, spot freight rates continued to rise this week. In December, the market rate for exports from Shanghai port to base ports in the Persian Gulf was USD 1,474/TEU, up 8.2% from the previous period.
Check the rates below for the most cost-effective rates for shipping a 20ft FCL container from China to the Middle East.
| POL-POD | YQN’s Rates | More Details |
|---|---|---|
| Shanghai - Abu Dhabi | from $1515 | Check Rates |
| Shanghai - Jebel Ali | from $1350 | Check Rates |
| GuangZhou - Abu Dhabi | from $1650 | Check Rates |
HISTORY RATES OF JEBEL ALI
China to Japan
Transportation market is basically stable, market rates increased slightly. In December, the freight index of China export to Japan route was 961.13 points.
The following are examples of the most cost-effective rates for 20-foot FCL containers shipped from China to Japan.
| POL-POD | YQN’s Rates | More Details |
|---|---|---|
| Shanghai - Tokyo | from $290 | Check Rates |
| Shanghai - Yokohama | from $290 | Check Rates |
| Shanghai - Nagoya | from $325 | Check Rates |
China to Europe
According to the data released by Eurostat, the transportation demand is generally stable. Market rates this week have largely maintained last week’s levels, with only slight fluctuations in spot rates. In December, ocean freight of Shanghai port exporting to Europe basic port (sea freight and sea freight surcharge) is 3030 USD/TEU, which is slightly decreased by 0.3% compared to the last period.
Click to compare the rates for transportation of 20-foot FCL containers from China to Europe.
| POL-POD | YQN’s Rate | More Details |
|---|---|---|
| Shanghai - Hamburg | from $2950 | Check Rates |
| Shanghai - Rotterdam | from $2519 | Check Rates |
| Shanghai - Fos Sur Mer | from $2990 | Check Rates |
HISTORY RATES OF HAMBURG
China to North America
According to ADP data, U.S. employment grew by 146,000 in November, the lowest since August 2024 and below market expectations, indicating a slowing labor market and an uncertain economic outlook.
This week, transportation demand growth remained weak, the market continued to decline, and spot rates fell further. According to Shanghai Shipping Exchange, freight rates from Shanghai Port to U.S. West and East Coast base ports were USD 3,309/TEU and USD 4,924/TEU, down 1.1% and 0.6%, respectively, from the previous period.
Lock your shipping space today with YQN’s shipping rates.
| POL-POD | YQN’s Rates | More Details |
|---|---|---|
| Shanghai - Vancouver | from $3130 | Check Rates |
| Shanghai - Seattle (WA) | from $3530 | Check Rates |
| Qingdao - Edmonton | from $4930 | Check Rates |
On the YQN platform, you can easily compare sea freight rates, book shipments, and complete orders online, significantly enhancing efficiency. For a personalized quote, simply send a request, and our professionals will contact you with a tailored offer based on your requirements.
