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Freight rates halved! All routes saw a general decline! The East Coast of the US continued to fall sharply
Release time：
2025-08-06
Browsing：93次
The suspense of the US reciprocal tariffs has not been resolved, and the Sino-US tariffs have not been determined and have been extended for another 90-day grace period. Under this influence, the Shanghai Containerized Freight Index (SCFI) continued to fall by 2.63% to 1,550.74 points on the 1st, with a general decline across all routes, and a significant drop in the East Coast of the US.
The Sino-US trade tariffs remain undetermined, and the Shanghai Containerized Freight Index (SCFI) has continued to fall for eight consecutive weeks, with a general decline across all routes, and a significant drop in the East Coast of the US. The spot freight rates for the US West Coast and East Coast containers have plummeted by 59% and 43% respectively, with weak demand. Even if a new agreement is reached between China and the US, it will be difficult to boost the maritime market in the short term. This week, the East Coast of the US led the decline by 7.46%, while the West Coast of the US, the Mediterranean, and the Europe routes fell by 2.23%, 3.52%, and 1.87% respectively. Shipping companies have cancelled their plans to raise freight rates on the Europe-US routes on August 1st, causing further declines in freight rates. Some routes have fallen below the cost price, and small shipping companies have already suffered losses. The market remains sluggish, and signs of recovery are hard to come by.
The Sino-US trade tariffs remain undetermined, and the Shanghai Containerized Freight Index (SCFI) has continued to fall for eight consecutive weeks, with a general decline across all routes, and a significant drop in the East Coast of the US. The spot freight rates for the US West Coast and East Coast containers have plummeted by 59% and 43% respectively, with weak demand. Even if a new agreement is reached between China and the US, it will be difficult to boost the maritime market in the short term. This week, the East Coast of the US led the decline by 7.46%, while the West Coast of the US, the Mediterranean, and the Europe routes fell by 2.23%, 3.52%, and 1.87% respectively. Shipping companies have cancelled their plans to raise freight rates on the Europe-US routes on August 1st, causing further declines in freight rates. Some routes have fallen below the cost price, and small shipping companies have already suffered losses. The market remains sluggish, and signs of recovery are hard to come by.