SeaRates Freight Updates: China Market, January 2024

SeaRates is committed to providing you with innovative logistics capabilities to assist you in finding, comparing, and requesting the best freight rates for any cargo delivery route. We are pleased to introduce you to the Freight Rates Report for the Chinese market, presented by YQN, a Digital Freight Alliance member from China, to review freight rates on international lines.

Below is an overview of freight rates for the transportation of goods from China to various destinations around the world, the market for the main routes, as well as the space and equipment required for them.


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 increased by 37.6% from last month. At the same time, ocean rates to eastern USA ports rose by 19.3%, respectively, from the previous month. The space and equipment availability are normal.


Freight rates overview

China - North America


Source: YQN

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 $1500
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Shanghai - Los Angeles
From $3000
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Qingdao - New York
From $3600
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Shanghai - Baltimore
From $4000
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Yantian - Prince Rupert
From $1800
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Shanghai - Savannah
From $3600
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*Actual rates are valid until January 31, 2024.


South America: Shipping demand for the South American market is remains stable. The rates for South America's base ports have increased by 19.4% compared to last month. The space and equipment were sufficient and normal.


Freight rates overview

China - South America


Source: YQN

We would like to inform you that we expect freight rates to increase on the China-South 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 South America.

Ningbo - Guayaquil
From $1800
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Shanghai - Santos
From $2500
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Shanghai - Cartagena
From $3300
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Shekou - Callao
From $1400
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Qingdao - Colon
From $3500
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Qingdao - Cartagena
From $2300
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*Actual rates are valid until January 31, 2024.


Europe: Demand for cargo shipping is stable. The freight rates for transportation from Chinese ports to European base ports have increased by 80% compared to last month. In addition, the freight rate from China to MED base ports also increased by 70% from last month. The space and equipment were sufficient and normal.


Freight rates overview

China - Europe


Source: YQN


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 $2000
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Ningbo - Napoli
From $6400
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Shanghai - Mersin
From $2100
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Shanghai - Genova
From $1500
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Qingdao - Gemlik
From $6600
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Qingdao - For Sur Mer
From $5500
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*Actual rates are valid until January 31, 2024.


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


Freight rates overview

China - Africa


Source: YQN


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 $5400
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Qingdao - Beirut
From $6400
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Shekou - Cape Town
From $1400
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Shanghai - Conakry
From $3300
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Shekou - Apapa
From $2500
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*Actual rates are valid until January 31, 2024.


Middle East: Ocean rates from Chinese ports to the main Middle East ports, namely, Persian Gulf ports, decreased by 38.5% from the previous month. The space and equipment were sufficient and normal.


Freight rates overview

China - Middle East


Source: YQN


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 $2200
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Shanghai - Dammam
From $2200
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Shekou - Jebel Ali
From $1200
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Ningbo - Abu Dhabi
From $2900
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Qingdao - Jebel Ali
From $2200
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Shanghai - Sharjah
From $1700
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*Actual rates are valid until January 31, 2024.


Asia: The freight rates from China to Australia and New Zealand base ports increased by 13.9% 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: YQN


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


Ningbo - Pusan
From $6
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Shanghai - Surabaya
From $300
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Shekou - Jakarta
From $390
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Qingdao - Nhava Sheva
From $1000
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Ningbo - Laem Chabang
From $170
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Ningbo - Port Klang
From $130Check rates


*Actual rates are valid until January 31, 2024.


Cargo transportation from China remains positive, with sufficient equipment and space to meet growing demand.

Each of the destinations is characterized by a tendency to increase freight rates due to the sensitive situation in the Red Sea, namely the disruption of the Suez Canal. Demand in most regions remains very high.


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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