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Recently, to boost the continuously declining freight rates on Europe-US routes, many shipping companies have taken measures such as capacity reduction and blank sailing increases to support prices.

According to the latest data released by the Shanghai Shipping Exchange (SSE), the SCFI (Shanghai Containerized Freight Index) has achieved "two consecutive increases". This period’s index stands at 1310.32 points, a significant rise of 12.9% from the previous period, with freight rates on all four major routes rising across the board.

Among all routes, the North American direction shows particularly strong growth. The freight rate on the US West Coast route has increased by over 30% week-on-week, reaching 31.9%; the US East Coast route has also recorded a notable growth of 16.4%. Analysis points out that the current blank sailing rate on North American routes has climbed to 25%.

Europe and Mediterranean routes also show an upward trend, but the growth rate is relatively moderate. The Europe route has a weekly increase of 7.2%, and the Mediterranean route 3.5%. Specifically, on October 17, the market freight rate from Shanghai Port to basic European ports was $1145/TEU, and to basic Mediterranean ports was $1613/TEU.

Industry opinions suggest that although freight rates have risen recently, there has been little change in market transportation demand. With the launch of long-term contract negotiations for the Far East-Europe routes in 2026, mainstream shipping companies have shown an attitude of unwillingness to sign contracts at low prices, which is expected to further drive the stabilization and rebound of Europe route freight rates.