The Market Performance is Generally Stable. Freight Rates on European and American Routes are Recovering

On December 1, the freight rate (sea freight and sea surcharge) for exports from Shanghai port to the European basic port market was 851 US dollars /TEU, an increase of 9.2% from the previous period.

The Mediterranean route, the market situation is basically similar to the European route, the spot market booking price has increased slightly.

On December 1, the freight rate (sea freight and sea surcharge) for exports from Shanghai port to the Mediterranean basic port market was US $1,260 /TEU, up 6.6% from the previous period.