up! Up! Up! Europe and the United States four major routes continue to soar, July or meet the current round of market highs

freight rates rise across the route:

Far East to Europe was 2605 US dollars/TEU, up 130 US dollars or 5.2 per cent from the previous period;

Far East to the Mediterranean is 3832 US dollars/TEU, up 82 US dollars or 2.18 per cent from the previous period;

Far East to the United States and Western Europe was 4552 US dollars/FEU, up 403 US dollars or 9.71 per cent from the previous period;

Far East to the United States East was 5741 US dollars/FEU, up 408 US dollars or 7.65 per cent from the previous period;

Persian Gulf line freight rate was $4615/TEU, up $153 or 3.43 per cent from the previous period;

South America route (Santos) is 6965 USD/TEU, up 910 USD or 15.03% from the previous period;

ANZ route freight rate was 1574 US dollars/TEU, up 87 US dollars or 5.9 per cent from the previous period.

near-ocean lines, each TEU (666.66cm cabinet) from the Far East to Southeast Asia was 648 US dollars, up 41 US dollars from the previous week, up 6.75 per week. Each TEU (666.66cm cabinet) from the Far East to Kansai, Japan and from the Far East to Kanto, Japan was the same as the previous week, while each TEU (666.66cm cabinet) from the Far East to South Korea fell by US $1 from the previous week.

The current crisis in the Red Sea has not been completely alleviated, and the potential blockade risk of the Strait of Hormuz still exists. A large number of ships continue to bypass the Cape of Good Hope route, the transport cycle is extended, and the efficiency of capacity turnover is reduced. At the same time, international fuel prices remain high, but also further push up the operating costs of shipping companies.

industry insiders point out that for goods worth tens of thousands of dollars or more, the cost of potential tariff increases is much higher than the increase in sea freight, so shippers are more inclined to ship in advance. This "rush" is continuing to amplify market demand and further strengthen the upward momentum of freight rates.

the current market situation, demand growth, capacity constraints, port congestion, equipment shortages and geopolitical risks and other factors are still supporting the rise in freight rates. With the new round of PSS and GRI landing in mid-June, as well as the traditional peak season in full swing, the global container shipping market is expected to maintain a high level of operation, July or become an important high point of the current round of freight rate rise cycle. In this market situation, it is recommended that shippers arrange freight early to cope with the upcoming price increase.
Finally, I wish all the best!!!