Last Friday, the latest Shanghai Containerized Freight Index (SCFI) released by the Shanghai Shipping Exchange showed that freight rates for the U.S. West Coast route plunged by 26.5% week-on-week. In contrast, the European route saw a 10.62% increase against the trend, while the South American route, which has surged in the past two weeks, recorded a 19.32% jump.

On June 16, CMA CGM announced a hike in FAK (Freight All Kinds) rates for the Nordic route, effective from July 1 until further notice. Compared to the previously announced rate adjustment that took effect on June 15, the increase is $500 for 20-foot containers and $1,000 for 40-foot standard and high-cube containers. On the same day, Maersk issued a notice to impose a peak season surcharge on the South Asia route, ranging from $1,000 to $1,400, also effective from July 1 until further notice.