Lates News

In the United States, while waving the heavy tariff stick against multiple countries, the July export performance of China remains strong as the "counter tariffs" postponement is extended. The air freight rates to the U.S. have stopped falling and started to rise. As international capacity gradually recovers, the demand is relatively stable, and the Chinese export container index has shown a downward trend recently. Different routes have certain differences due to their respective supply and demand fundamentals. The ongoing fluctuation of the North American routes is mainly caused by the Trump administration's repeated tariff policies. On July 11, the Shanghai Export Container Composite Freight Index released by the Shanghai Shipping Exchange was 1733.29 points, a decrease of 1.7% from the previous period. During the same period, the freight rates from Shanghai Port to the West Coast and East Coast markets of the U.S. (including shipping and surcharges) were $2194/FEU and $4172/FEU respectively, with increases of 5.0% and 1.2% respectively from the previous period. This is the first time the freight rates have started to rise again after continuously falling since the second week of June. (First Financial News)