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Freight rates suddenly jumped by $2,000 and are now in effect | Maritime export logistics

Jun 02,2025

Recently, the bilateral reduction of tariffs between China and the United States has triggered a rush for shipments, and freight prices in the shipping market have increased significantly. Shanghai Aviation Exchange SCFI index climbed for four consecutive weeks, back to high. Container shipping market companies have announced increases in June freight rates, including Hapag-lloyd Far East to South America West GRI up to $2000.

With the mutual reduction of tariffs between China and the United States, importers and exporters have taken advantage of the window of cessation of the tariff war to restart shipments, and freight prices on the United States route have increased, which has also led to higher freight prices for Europe, the Middle East, Central and South America.

According to the latest data from the Shanghai Airlines Exchange, the SCFI Index surged 486.59 points to 20,72.71 points, up 30.68%, rising for four consecutive weeks, returning to 2,000 points, recovering the tariff gap since Trump took office and returning to the level of mid-January this year. Among them, freight prices on the US-West and US-East routes increased by 57.9% and 45.8%, respectively. Euro-Mediterranean freight rates also rose by 20.50% and 31.49%, respectively.

Container shipping markets are seeing carriers announce higher rates for June. Hapag-lloyd, Maersk, CMA and other shipping companies to adjust rates, the introduction of GRI, peak season surcharge PSS, etc., involving South America, Africa, the Mediterranean route. Hapag-lloyd again raised the price of GRI shipments from Asia to Central and South America, jumping $2, 000.

Recently, Hapag-lloyd announced that effective 1 June 2025, GRI from the Far East to West South America, Mexico, Central America and the Caribbean (Puerto Rico and the USVI effective 26 June), the general adjustment of about $2,000.

In short, the rush for shipments triggered by the bilateral reduction of tariffs between China and the United States has brought new vitality to the shipping market, and the increase in freight prices has also provided new development opportunities for the freight forwarding industry. Freight forwarders should actively respond to market changes, utilize various resources and platforms, enhance their competitiveness and meet new challenges.

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