SeaRates Freight Updates: China Market, July 2023

SeaRates assists you in finding, comparing, and requesting the best freight rates for any freight shipping route with innovative logistics solutions. We present to you the freight rates report for the Chinese market, presented by YQNLink, a member of the Digital Freight Alliance from China, for an overview of freight rates on international lines.


An overview of freight rates for transportation from China to various regions of the world, the market by major destinations, as well as the space and equipment needed for them, is provided below.


Overview of freight rates from China to different regions


Shipping from China to most regions is now characterized by stable demand and no supply chain problems. The statistical data illustrates the growth of freight rates in most cases. Check out the insights below for detailed information by region:


North America: The freight rates from China ports to western USA ports rose by 20% from last month. At the same time, ocean rates to eastern USA ports increased by 14,9% respectively, from the previous month. The space and equipment availability are normal.


Freight rates overview

China - North America


Source: YQNLink

We would like to inform you that we expect freight rates to increase on the China-North America trade route soon. We recommend our customers plan their shipments accordingly and consider booking in advance to guarantee sufficient space and avoid possible delays.

The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to North America.


Ningbo - Tacoma
From $1000
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Shanghai - Los Angeles
From $1100
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Qingdao - New York
From $2100
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Yantian - Baltimore
From $2100
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Yantian - Prince Rupert
From $900
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Shanghai - Savannah
From $1700
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*Actual rates are valid until July 31, 2023.


South America: Freight rates for North America continue to show an upward trend due to an improvement in the supply-demand balance. The rates for South America base ports have increased by 4,7% compared to last month. The space and equipment were sufficient and normal to meet stable supply and demand.


Freight rates overview

China - South America


Source: YQNLink


The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to South America.

Ningbo - Guayaquil
From $1300
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Shanghai - Santos
From $2200
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Shanghai - Cartagena
From $2100
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Shekou - Callao
From $1700
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Qingdao - Colon
From $1700
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Qingdao - Cartagena
From $2300
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*Actual rates are valid until July 31, 2023.


Europe: Demand for cargo shipping is showing a downward trend this month. The freight rates for transportation from Chinese ports to European base ports have decreased by 3,8% compared to last month. In addition, the freight rate from China to MED base ports also, decreased by 7,7% from last month. The space and equipment were sufficient and normal.


Freight rates overview

China - Europe


Source: YQNLink

We would like to inform you that we expect freight rates to increase on the China-Europe trade route soon. We recommend our customers plan their shipments accordingly and consider booking in advance to guarantee sufficient space and avoid possible delays.


The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to Europe.

Ningbo - Istanbul
From $1700
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Ningbo - Napoli
From $1300
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Shanghai - Mersin
From $1600
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Shanghai - Genova
From $1300
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Qingdao - Gemlik
From $1800
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Qingdao - For Sur Mer
From $1400
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*Actual rates are valid until July 31, 2023.


Africa: Freight rates for Africa ports are flat compared to last month. Also, space and equipment were sufficient and normal.


Freight rates overview

China - Africa


Source: YQNLink

We would like to inform you that we expect freight rates to increase on the China-Africa trade route soon. We recommend our customers plan their shipments accordingly and consider booking in advance to guarantee sufficient space and avoid possible delays.


The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to Africa.


Ningbo - Casablanca
From $2100
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Qingdao - Beirut
From $1300
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Shekou - Dakar
From $2500
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Shanghai - Conakry
From $2600
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Shekou - Apapa
From $2600
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Ningbo - Djibouti
From $1400Check rates

*Actual rates are valid until July 31, 2023.


Middle East: Ocean rates from Chinese ports to the main Middle East ports, namely, Persian Gulf ports, were unchanged from the previous month. The space and equipment were sufficient and normal, as was the shipping demand.


Freight rates overview

China - Middle East


Source: YQNLink


The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to the Middle East.


Ningbo - Jeddah
From $1400
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Shanghai - Dammam
From $1000
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Shekou - Aden
From $2000
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Qingdao - Jebel Ali
From $860
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Qingdao - Sharjah
From $1300
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Shanghai - Jebel Ali
From $1000
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*Actual rates are valid until July 31, 2023.


Asia: The freight rates from China to Australia and New Zealand base ports decreased by 4.4% from last month. Additionally, ocean rates from China to Japan base ports decreased slightly compared to last month. The space and equipment availability are normal.


Freight rates overview

China - Asia


Source: YQNLink


The following are examples of the most cost-effective rates for the transportation of 20-foot FCL containers from China to Asia.


Shanghai - Karachi
From $1400
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Ningbo - Nhava Sheva
From $500
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Shekou - Jakarta
From $140
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Qingdao - Chennai
From $750
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Shekou - Laem Chabang
From $61
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Ningbo - Port Klang
From $130Check rates


*Actual rates are valid until July 31, 2023.


In the midst of summer, the trend of fluctuations in freight rates to different destinations continues. China continues to have a strong positive supply and demand situation.

The peak season mostly stimulates the growth of freight rates. At the same time, the increase in cargo flow allows for savings on logistics needs by reducing the cost per unit of cargo. Demand is still high in some regions.

On SeaRates.com, you can find and compare the cheapest rates for any route for your shipments. If you want to receive a personalized offer, send a request and our manager will contact you and provide an individual offer depending on your requirements.

Sophia Shkuro is a content manager from Dnipro, Ukraine. Believes that the more complex a thing is, the easier it should be to write about it. Dreams of a future vacation by the sea.

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