The main contract of the European line futures of the container transportation index fell by more than 8%
This year, the shipping market, which is "not weak in the off-season and falls in the peak season", has attracted much attention from all walks of life.
"Since late June, there has been downward pressure on container freight rates, and by July, prices have fallen even further. The US route has experienced a comprehensive decline, while the European route is still holding up relatively well," a representative from an international freight company in Shanghai told the China Business Journal.
Container shipping prices began to rise against the trend from the traditional low season in April, and after three months of rising, they fell back again in July when the peak season arrived.
According to industry insiders, the intensification of the Red Sea crisis and the surge in shipments to avoid tariff increases have led to the early arrival of this year's peak season. Currently, freight rates are at a high level, and it is expected that freight rates will fluctuate downward in the short term. After September, with the end of the traditional peak shipping season, the shipping market price may experience a more significant decline.