Shanghai Shipping Exchange: Geopolitical tensions remain tense, and most freight rates continue to rise

MetaMuskRat · 2026-04-04T02:16:48+00:00

People's Financial News, April 4th — The Shanghai Shipping Exchange released the weekly report on China's export container transportation market. This week, the Chinese export container transportation market continues to face tense geopolitical tensions, with most deep-sea routes seeing freight rates rise, driving the composite index higher. On April 3rd, the Shanghai Export Container Comprehensive Freight Index was 1854.96 points, up 1.5% from the previous period. Among them, the Persian Gulf route and the Middle East region's ongoing military conflicts continue to severely impact the regional container shipping market. Currently, this route remains stagnant, and the overall transportation market is characterized by high prices but low demand. Freight rates continued to increase this week. On April 3rd, the market freight rate (including ocean freight and surcharges) from Shanghai Port to the main ports in the Persian Gulf was $3,977 per TEU, up 6.7% from the previous period.

MetaMuskRat

2026-04-04 02:16:48

People’s Finance News, April 4—The Shanghai Shipping Exchange released its weekly report on China’s export container transportation market. This week, China’s export container transportation market continues to face a tight geopolitical situation; on most transoceanic routes, freight rates have continued to rise, driving the increase in the composite index. On April 3, the Shanghai Export Container Composite Freight Rate Index was 1,854.96 points, up 1.5% from the previous period. Among them, on the Persian Gulf route, the ongoing severe military conflict in the Middle East continues to seriously affect the regional container shipping market. As of now, this route is still at a standstill, and the overall transportation market is characterized by “prices without transactions.” This week, market freight rates continued to rise. On April 3, the market freight rate (ocean freight and ocean freight surcharges) from Shanghai Port for exports to Persian Gulf hub ports was $3,977 per TEU, up 6.7% from the previous period.

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