Container freight rates from China - Los Angeles have been reduced by 50% since September

Container freight rates from China - Los Angeles have been reduced by 50% since September (Image: Phaata.com)


Shippers are easing the burden from a drop in spot market rates for the China-US service during the first week of October and are expected to continue into November, according to Shifl digital freight forwarder.

Shabsie Levy, CEO & Founder of Shifl said, “With the holiday shopping rush seemingly over and the already ordered goods sitting inside thousands of containers on many ships across the US, the drop-in freight rates on the spot market continues into November 2021.”

The New York-based company previously found that spot container freight rates fell sharply in October, with the price of shipping a 40-foot container from China to the Port of Los Angeles down from a high of $17,500 down to 8,500 USD, which is a decrease of 51.4% compared to September 

 

Giá cước vận chuyển container từ Trung Quốc đến Bờ Tây Hoa Kỳ

Container freight rates from China to the US West Coast (Source: Shifl)

 

According to Shifl data, November 2021 spot container freight rates on the China - East Coast US route were around $13,800 per container in November, representing a 29% decrease from September with freight rates at $19,500.

Giá cước vận chuyển container từ Trung Quốc đến Bờ Đông Hoa Kỳ

Container freight rates from China to the US East Coast (Source: Shifl)
 

 

Regarding future projections, Levy said, "Based on the current market conditions, I visualise a slight uptick in rates just before Chinese New Year."

Shifl CEO added: “After Chinese new year as we head into the traditionally quieter months, I am confident we will see the rates on a stable downward trajectory.”

 

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Source: Phaata.com (According to ContainerNews)
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