Freight rates have surged! US West line up 21.6%, US East up 11.6%
On December 13, the Shanghai Shipping Exchange released the Shanghai Export Containerized Freight Index at 2384.40 points, up 5.7% from the previous period. Among them, the market freight rates for the two major routes to the US West and US East were both double-digit month-on-month sharp increases. The market freight rate for export to the US West basic port was 21.6% higher than the previous period, and the market freight rate for export to the US East basic port was 11.6% higher than the previous period.
Unlike the soaring freight rates on the US line, the market freight rates on the Europe-Asia line fell slightly last week. On December 13, the market freight rate for export from Shanghai port to Europe basic port was 2.2% lower than the previous period, and the market freight rate for export to the Mediterranean basic port was 0.4% lower than the previous period.