Container Shipping Rates Diverge Amid Geopolitical Tensions: Europe Routes Surge, US Lanes Decline
Recently, due to the continued impact of geopolitical tensions, the container shipping market has shown a divergent trend: the Persian Gulf route has basically stagnated, the freight rate of the European route has continued to rise, and the North American route has fallen due to insufficient demand, and the comprehensive index has declined slightly.
The latest data released by the Shanghai Shipping Exchange shows that as of March 20, the Shanghai Export Container Comprehensive Freight Index (SCFI) reported 1,706.95 points, a slight decrease of 0.2% from the previous week.
Looking at different routes, transportation demand on European routes remains stable, the market operates smoothly, and spot booking prices continue to rise. On March 20, the freight rate for exports from Shanghai Port to the European basic port market was US,636/TEU, up 1.1% from the previous period; the freight rate to the Mediterranean basic port market increased by 4.4%, to US,784/TEU.
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