China Market Freight Updates, January, 2024
Creator: YQN & Searates
As a global digital logistics expert, YQN offers online consultative international logistics services covering sea freight, air freight, rail freight, multimodal transportation, trucking, customs clearance, insurance, overseas warehousing, and destination services. Currently, YQN cooperates with Searates, a digital freight platform subordinated to DP World Logistics, to produce the freight update report for China market every month.
Shipping from China to most regions is now characterized by stable demand and no supply chain problems. The statistical data illustrates the growth of freight rates in most cases. Check out the insights below for detailed information by region:
China to Europe
The tense situation in the Red Sea region continues, leading to increased shipping distances and costs. This has resulted in a short-term tight capacity on the Asia-Europe route. In the coming period, commercial shipping from the Red Sea to the Suez Canal will face significant uncertainty due to geopolitical tensions. The freight rates for transportation from Chinese ports to European base ports have increased by 80% compared to last week. In addition, the freight rate from China to MED base ports also rose by 70% from last week.
China to Europe
The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to Europe.
| Qingdao - Antwerp | From $2929 | Check rates |
| Shanghai - Hamburg | From $2700 | Check rates |
| Shanghai - Lisboa | From $2950 | Check rates |
| Shanghai - Rotterdam | From $2250 | Check rates |
| Shanghai - Fos Sur Mer | From $3594 | Check rates |
China to South America
The supply-demand relationship in the South American market remains balanced. The rates for South America's base ports have risen by 19.4% compared to last week. The space and equipment were sufficient and normal.
China to South America
We would like to inform you that we expect freight rates to increase on the China-South America trade route soon. We recommend our customers plan their shipments accordingly and consider booking in advance to guarantee sufficient space and avoid possible delays.
The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to South America.
| Yantian - Guayaquil | From $2200 | Check rates |
| Shekou - Santos | From $2725 | Check rates |
| Shanghai - Callao | From $1910 | Check rates |
| Shanghai - Buenos Aires | From $2900 | Check rates |
| Qingdao - Manzanillo | From $2020 | Check rates |
China to Middle East
Demand is performing well, and the supply-demand fundamentals are stable. The market for this route continues to be affected by the tense situation in the Red Sea region, leading to further increases in freight rates. Ocean rates from Chinese ports to the main Middle East ports, namely, Persian Gulf ports, rose by 38.5% from last week.
China to Middle East
The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to the Middle East.
| Shanghai - Abu Dhabi | From $2015 | Check rates |
| Shanghai - Dammam | From $2115 | Check rates |
| Ningbo - Dubai | From $2050 | Check rates |
| Ningbo - Abu Dhabi | From $2050 | Check rates |
| Shekou - Jebel Ali | From $1850 | Check rates |
China to North America
The North American route has not been significantly affected by geopolitical risks, and transportation demand remains stable. The supply and demand fundamentals are solid. Driven by the rising freight rates on other routes, the spot market booking prices continued to rise this week. The freight rates from China ports to western USA ports rose by 37.6% from last week. At the same time, ocean rates to eastern USA ports rose by 19.3%, respectively, from the previous week.
The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to North America.
China to North America
We would like to inform you that we expect freight rates to increase on the China-North America trade route soon. We recommend our customers plan their shipments accordingly and consider booking in advance to guarantee sufficient space and avoid possible delays.
The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to North America.
| Shanghai - Seattle (Wa) | From $4040 | Check rates |
| Qingdao - Edmonton | From $3510 | Check rates |
| Shanghai - New York | From $3346 | Check rates |
| Shanghai - Vancouver | From $2152 | Check rates |
Cargo transportation from China remains positive, with sufficient equipment and space to meet growing demand.
Each of the destinations is characterized by a tendency to increase freight rates due to the sensitive situation in the Red Sea, namely the disruption of the Suez Canal. Demand in most regions remains very high.
On the YQN platform, customers can easily compare rates, make bookings, and fulfill order 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.
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YQN Operation Team
info@yqn.com
