China Market Ocean Freight Updates, June 2024
Creator: YQN Logistics
June 4, 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 growth of ocean freight rates in most cases. Check out the insights below for detailed information by region:
China to South America
Recently, transportation demand has continued to rise, with a slight shortage of cabin space and a constant rise in container shipping rates. This week the container shipping rates from China base ports to the South America base ports increased by 4.9% compared to the previous week.
SHANGHAI to MANZANILLO
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 $5350 | Check rates |
| Shekou - Santos | From $7500 | Check rates |
| Shanghai - Callao | From $5275 | Check rates |
| Shanghai - Buenos Aires | From $7400 | Check rates |
| Qingdao - Manzanillo | From $5350 | Check rates |
China to Europe
According to the data released by the European Union's statistical agency, the economic sentiment index of both the industrial and service industry rose, indicating that the momentum of steady recovery in the European economy, which will support the transportation demand for future Asia-Europe shipping routes. In addition, the situation in the Red Sea has not eased, leading major shipping companies to continue to detour, intensifying tensions in the market's supply of shipping capacity.
This week, transportation demand remained high and spot market booking prices continued to rise. The container shipping rates from China to the Europe base ports increased by 9.7%, while that from China to MED base ports rose by 11.1% compared with the previous week.
SHANGHAI to HAMBURG
The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to Europe.
| Shanghai - Hamburg | From $3230 | Check rates |
| Shanghai - Lisboa | From $3800 | Check rates |
| Shanghai - Rotterdam | From $3230 | Check rates |
| Shanghai - Fos Sur Mer | From $4725 | Check rates |
China to Asia
The shipping demand for Asia market remains high and the international ocean freight rate from China to the base ports in other Asian countries continued to rise.
The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to the Asia.
| Shanghai - Laem Chabang | From $510 | Check rates |
| Shanghai - Busan | From $1 | Check rates |
| Ningbo - Hai Phong | From $350 | Check rates |
| Ningbo - Jakarta | From $475 | Check rates |
| Shekou - Kobe | From $135 | Check rates |
China to the Middle East
Transportation demand remains high with stable supply and demand fundamentals. This week the container shipping rates from China base ports to the Persian Gulf base ports rose by 6.3%. compared to the previous week.
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 - Jebel Ali | From $2825 | Check rates |
| Shanghai - Dammam | From $2875 | Check rates |
| Dalian - Jebel Ali | From $2875 | Check rates |
| Shanghai - HAMAD | From $2875 | Check rates |
| Shekou - Jebel Ali | From $3005 | Check rates |
China to North America
According to the data released by the U.S. Chamber of Commerce, the consumer expectations index has recorded the largest monthly increase since July 2023, showing that consumers' confidence in the U.S. economy has improved.
This week, the transportation demand performed well, and the container shipping rates continued to rise. The rates from China to western USA ports and eastern USA ports rose by 18.9% and 11.2% from the previous period.
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 $4939 | Check rates |
| Qingdao - Edmonton | From $5258 | Check rates |
| Shanghai - New York | From $5886 | Check rates |
| Shanghai - Vancouver | From $4693 | 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 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
