The global container freight index launched by the Baltic Shipping Exchange and Freightos shows that the freight rate from China to the West Coast of the United States is US$4,787/40-foot container (FEU), down about 60 percent from January, and the freight rate from China to North Europe The price was $9,128/FEU, down 42 percent from January.
From a global perspective, as of September 7, the global average freight price was US$5,286/FEU, a decrease of about 45 percent from January. From the historical trend, the price trend this year and the same period last year intersected, that is, this year showed a downward trend. The sea freight price of 2021 is lower than the same period in 2021. However, it needs to be explained that the current freight rate is still much higher than the average price of $1000-1500/FEU before the epidemic.
