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Freight rates have dropped for 7 consecutive weeks: 12.8% in the Persian Gulf, 7.8% in South America, and 6.5% in the East Coast of the United States! | Sea Freight Export Logistics

Jul 29,2025

Despite the US's policy of reciprocal tariffs on countries, sea freight prices have continued to fall, falling for seven consecutive weeks. The latest edition of the Shanghai Container Export Freight Index (SCFI) fell 54.31 points to 1,592.59 points, down 3.3% on a weekly basis. This trend shows the complexity and uncertainty of the global shipping market.

Image source: Shanghai Shipping Exchange Deleted

European Line: On July 25, the freight rate (sea freight and sea freight surcharge) from Shanghai Port to European basic port market was $2,090 / TEU, up 0.5% from the previous period. The price of freight on the European line increased slightly, showing some market resilience.

Mediterranean route: The fundamentals of supply and demand were slightly weak, with spot market booking prices falling slightly. On July 25, the export price of Shanghai Port to the Mediterranean basic port market was $2,418 / TEU, down 4.4% from the previous period.

North American routes: China and the United States plan to hold economic and trade talks in Sweden in the near future, and the outside world expects the two sides to reach further consensus. However, freight prices in North America continued to decline. On July 25, Shanghai Port exports to the United States West and the United States East basic port market tariffs were $2,067 / FEU and $3,378 / FEU, respectively, down 3.5% and 6.5% from the previous period.

Persian Gulf routes: Market freight rates continue to decline. Shanghai Port exports to the Persian Gulf basic port market tariff of $1152 / TEU, down 12.8% from the previous period.

ANZ Air Lines: Market booking prices continue to rise. Shanghai Port exports to Australia and New Zealand basic port market tariff of $1,071 / TEU, up 2.8% from the previous period.

South American routes: freight rates continue to fall. Shanghai Port exports to the South American basic port market freight rate of $5188 / TEU, down 7.8% from the previous period.

Japan Airlines: The transport market is generally stable, with market freight prices rising slightly. On July 25, the freight index for China's exports to Japan was 954.91 points.

The continued decline in seaborne freight prices reflects the complexity and uncertainty of the global trading environment. Although the U.S. tariff policy has had some impact on the market, supply and demand in the shipping market and the global economic situation have also played an important role. As China-US economic and trade talks approach, market participants need to closely monitor the policy developments and negotiation progress to cope with possible market volatility.

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Freight rates have dropped for 7 consecutive weeks: 12.8% in the Persian Gulf, 7.8% in South America, and 6.5% in the East Coast of the United States! | Sea Freight Export Logistics

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