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China-US trade shipping season, multiple routes freight rates surge! US West Coast up 57%! | Maritime Export Logistics
Jun 04,2025
Recently, as China-U.S. trade entered the peak shipment season, the shipping market welcomed a wave of significant increases in freight prices. According to the latest data of Shanghai Export Container Freight Index (SCFI), the comprehensive freight index reached 2072.71 points, up 30.68% from the previous period, which is remarkable.
Image source: Shanghai Shipping Exchange Deleted
In the case of Euroland, the market situation is more complicated. Due to the greater uncertainty about the future of tariff negotiations between Europe and the United States, this has cast a shadow over the future recovery of the European economy. This uncertainty is also transmitted to the shipping market, Shanghai to Europe freight rate of $1587 / TEU, up 20.50% from the previous period; The freight rate from Shanghai to the Mediterranean reached $3,061 / TEU, up 31.49% from the previous period.
Despite the increase in freight prices, the uncertainty of Europe's economic recovery remains a Damocles sword hanging over the market, which could have an impact on shipping demand at any time.
The US line market has been a "beautiful scene" recently, and transportation demand has remained high due to the presence of "export hunting" phenomena. According to industry sources, the capacity of the US line has now returned to the levels before the "tariff war," however the supply of cabins remains tight, and some ports have even experienced congestion.
This contradiction between supply and demand directly led to a sharp rise in market freight rates. The freight rate from Shanghai to the United States was 5172 US dollars / FEU, up 57.92% from the previous period; The freight rate from Shanghai to the United States is $6,243 / FEU, up 45.73% from the previous period. Such a large increase in freight prices has caused many shippers and shippers to feel a huge cost pressure.
Judging from the current market situation, the situation of smaller supply than demand of US line capacity is difficult to alleviate in the short term. While many shipping companies plan to deploy ships from Europe, Central and South America or the Middle East to support the U.S. line, the process takes time and cannot quickly fill the capacity gap. Therefore, the industry generally predicts that the US line freight prices will continue to strengthen in the coming period. For shippers and cargo carriers, how to rationally arrange transportation plans and reduce costs in this wave of rising freight prices will be a major challenge for them.
The current shipping market is in a critical period, with the high season of Sino-US trade shipments bringing strong demand, but it is also accompanied by tight capacity and soaring freight prices. The Euro-Mediterranean line is affected by the tariff negotiations, and the future trajectory remains unclear. In such a market environment, relevant enterprises need to pay close attention to market dynamics and adjust their strategies in a timely manner to cope with various changes that may occur.。
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