SeaRates Freight Updates: China Market, November 2023

SeaRates brings you innovative logistics features to help you search, compare, and request the best freight rates for any cargo shipping route. We are pleased to introduce the Freight Rates Report for the Chinese market, presented by YQNLink, a member of the Digital Freight Alliance from China. Review international freight rates with ease.

Below is an overview of shipping rates from China ports to various destinations around the world, the market by major routes, and the space and equipment required.


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: This month, the market is still growing, and vessels are being loaded at a rate above 95%. The freight rates from China ports to western USA ports rose by 9.7% from last month. Ocean rates to eastern US ports rose too, by 3.1% from the previous month. The space availability is normal, and the equipment is sufficient.


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.


Shanghai - Prince Rupert
From $1100
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Shanghai - Savannah
From $1800
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Shanghai - New York
From $1700
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Yantian - Long Beach
From $1300
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Yantian - Baltimore
From $2100
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Shanghai - Vancouver
From $1100
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*Actual rates are valid until November 30, 2023


South America: Shipping demand for the South American market is consistently high. The rates for South America's ports have risen by 9.7% compared to last month. The space and equipment are normal and sufficient, respectively.



Freight rates overview

China - South America


Source: YQNLink

We expect shipping prices to rise soon on the China-South America trade route. 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.

Yantian - Guayaquil
From $1300
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Qingdao - Santos
From $2300
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Yantian - Cartagena
From $2100
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Shanghai - Callao
From $1000
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Shanghai - Buenos Aires
From $2100
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Shekou - Manzanillo
From $2000
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*Actual rates are valid until November 30, 2023


Europe: This month, freight volume decreased slightly. However, earlier capacity measures helped keep the overall market supply and demand fundamentals stable. The ocean rates from China ports to European base ports decreased by 1.7% from last month, while the ocean rates from China ports to Mediterranean ports increased by 0.8% from last month. The space availability is normal, and the equipment is sufficient.


Freight rates overview

China - Europe


Source: YQNLink


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

Shanghai - Bremerhaven
From $450
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Shanghai - Antwerpen
From $450
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Shanghai - Mersin
From $1400
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Shanghai - Napoli
From $1000
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Qingdao - Rotterdam
From $450
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Qingdao - Montoir De Bretagne
From $850
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*Actual rates are valid until November 30, 2023


Africa: This month, the rates for the African market increased from the last month. The space availability is normal, and the equipment is sufficient.



Freight rates overview

China - Africa


Source: YQNLink


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


Shanghai - Tangier
From $1400
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Shekou - Beirut
From $1600
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Qingdao - Dakar
From $2200
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Shekou - Cape Town
From $1400
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Shanghai - Apapa
From $2400
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Qingdao - Djibouti
From $1600Check rates

*Actual rates are valid until November 30, 2023


Middle East: This destination has seen stable growth in freight volumes. Spot market booking prices continued last month's trend and increased significantly once again. China ports to the Persian Gulf base ports increased by 15.2% compared to last month. The space and equipment availability are normal and sufficient, respectively.


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 - Abu Dhabi
From $1300
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Shanghai - Dammam
From $1200
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Shekou - Abu Dhabi
From $1300
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Ningbo - Jebel Ali
From $1100
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Shanghai - Sharjah
From $1300
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Lianyungang - Jebel Ali
From $1600
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*Actual rates are valid until November 30, 2023


Asia: Shipping demand is increasing in the Oceania market. China Ports to Australia and New Zealand base ports rates increased by 5.8% from last month. China-Japan base port rates have remained stable since last month. The space availability is normal, and the equipment availability is sufficient.


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.


Shekou - Pusan
From $20
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Shanghai - Surabaya
From $300
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Shekou - Nhava Sheva
From $850
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Qingdao - Pipavav
From $1000
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Ningbo - Laem Chabang
From $120
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Shanghai - Klang
From $60Check rates


*Actual rates are valid until November 30, 2023


Cargo transportation from China is showing an upward trend in freight rates. While there is sufficient equipment and space to meet growing demand.

Freight rate trends vary by direction. In certain regions, some carriers have welcomed the GRI trend and increased their rates for the following:

  • CMA raises FAK from China to Northern Europe, the Mediterranean, and North Africa starting November 1.


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.

Bohdan Borsh is a Content Manager with an IT background, currently living in Ivano-Frankivsk, Ukraine. Likes to explain complex things with simple words and examples. Getting inspired by mountain hiking and his two cats. 

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