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The Freight Rate On The European Line Fell Below The $1,000 Mark

Feb 14, 2023

According to the latest data on February 3, the Export Containerized Freight Index (SCFI) of the Shanghai Airlines Exchange continued to fall by 2.22% to 1006.89 points. The European and American routes continued to fall by 2%-5%.

The freight rate (sea freight and sea freight surcharge) exported from Shanghai Port to the European basic port market is 961 US dollars / TEU, a decrease of 5.23%; the freight rate from Shanghai to the Mediterranean Sea is 1754 US dollars / TEU, a decrease of 3.41%; the freight rate from Shanghai to the West of the United States is 1363 USD/FEU, down 2.8%; the freight rate from Shanghai to US East was 2706 USD/FEU, down 2.77%.

After two years of astonishing profits, the liner industry is facing three major challenges this year. The first is the slowdown in international trade and world economic growth.

Industry insiders analyzed that if the freight rate war continues, the trans-Pacific, Asia-Europe and other important routes may not escape the risk of falling below the breakeven.

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