The first post-Spring Festival week saw SCFI end its six-week decline, rebounding to bring positive signals. For shippers seeking a reliable DDP shipping rate or a free quote, this is a key window to lock in favorable prices—just leave message for support.
SCFI Index Rebounds: 6.52% Weekly Growth
Shanghai Shipping Exchange data (Feb 27) shows SCFI rose 81.65 points to 1333.11 (6.52% weekly). All four major ocean shipping rates climbed, reflecting the post-holiday market recovery.
Ocean Routes: All Four Major Routes See Rising Shipping Rates
US West Coast: $1,857/FEU (+$70, 3.92% weekly)
US East Coast: $2,691/FEU (+$167, 6.62% weekly)
Europe: $1,420/TEU (+$59, 4.34% weekly)
Mediterranean: $2,303/TEU (+$128, 5.88% weekly)
Near-Sea Routes: Mixed Trends
Near-sea routes showed mixed results last week:
Kansai (Japan): $304/TEU (-$8)
Kanto (Japan): $304/TEU (-$17)
Southeast Asia: $456/TEU (unchanged)
South Korea: $139/TEU (unchanged)
Industry insiders note limited cargo volume in the initial post-holiday period, but carrier schedule cuts tightened capacity, pushing up rates. If you need a fast & free shipping quote from China to the US, Canada, or Europe, please leave us a message with your details. We will reply to you within 1 hour.
Spot Market & Price Hike Expectations
Spot quotes: US West $1,650-$1,750/FEU, US East $2,350-$2,500/FEU, Europe $2,000-$2,200/FEU. Carriers called for a $300/FEU hike for US & Europe routes on March 1.
Short-term rate upside is limited, with Europe’s rise likely delayed to mid-March. Locking in a favorable DDP shipping rate early is key. We offer a free quote for all routes—leave message with cargo details for the latest price.
Key Drivers for Shipping Rate Rebound
1. Full factory resumption: May boost urgent orders, with 1-2 weeks of customer feedback as a key indicator.
2. TPM Conference (March, LA): A key benchmark for US route rates. Carriers will push up rates to secure better long-term contracts ahead of April’s renewal.
Outlook: Uncertainties Remain High
High uncertainties persist: US tariff changes, Russia-Ukraine war, US-Iran tensions (impacting Red Sea routes) may pressure Europe spot rates.
USITC’s investigation into China’s MFN status adds China-US trade variables. Lock in a stable DDP shipping rate in advance—contact us for a free quote by leaving message.
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