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Six consecutive declines! All four major routes saw a decline! The drop in the East United States reached 13.4%! | Maritime Export Logistics

Jul 22,2025

Shanghai Aviation Exchange Freight Index (SCFI) recently suffered six consecutive losses, the latest index was 1646.90 points, down 5.0% from the previous week. This trend reflects the volatility of the global shipping market, particularly the decline in freight prices on major routes.

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Image source: Shanghai Shipping Exchange Deleted

Falling freight rates on major routes

Far East to Eastern United States: freight prices fell 13.4%.

European routes: On July 18, the freight rate of Shanghai Port exports to European basic ports was $2079 / TEU, down 1.0% from the previous period.

The Mediterranean route: Down synchronously with the European route, the freight rate of Shanghai port exports to the Mediterranean basic port was $2528 / TEU, down 5.2% from the previous period.

Persian Gulf route: due to the lack of growth in transport demand, the decline in freight rates expanded to 17.8%, and the freight rate of Shanghai Port exports to the basic port of Persian Gulf was $1321 / TEU.

South American routes: the supply and demand base weakened, Shanghai port exports to South America basic port freight rate of $5628 / TEU, down 9.5% from the previous period.

Australia and New Zealand routes: transport demand is good, the port of Shanghai exports to Australia and New Zealand basic port freight rate of $1042 / TEU, up 2.1%, becoming a bright spot in the recent market.

Previously, U.S. President Donald Trump announced a 30% tariff on imports from the European Union from August 1, and the European Union drafted a list of tariffs on the U.S service industry in response, and U.S-U.S. trade still faces great uncertainty. On the North American routes, due to the tariff policy adjustment, shippers are cautious to ship, and market freight prices are under pressure to fall.

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Market freight prices (seaborne and seaborne surcharges) for exports from Shanghai Port to US West and US East Base were US $2,142 / FEU and US $3,612 / FUE, respectively, down 2.4% and 13.4% from the previous period.

In the face of adjustment of freight rates across various routes, Hongde reminds shippers to make good transportation plans in advance, respond flexibly to market changes, and ensure smooth transportation of goods.

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