Freight charges for container shipments are falling dramatically as China's exports slow down, reports Caixin.
The Shanghai export container settlement freight index for the North America route has dropped nearly 40 per cent from July highs. The peak season for Christmas runs from August to September, but shipments began as early as April this year. That would indicate container shipments will decline from September to November, according to research by Huatai Futures.
United States inventories are now at healthy levels following a surge in shipments from May to July, according to digital freight forwarder FLEXPORT's market report. With inventory replenishment largely complete, freight demand is expected to weaken in the coming weeks, the report said.
Data from UK's Container Trade Statistics revealed that shipments from East Asia to Europe had already fallen in July, dropping from 1.75 million TEU in June to 1.58 million TEU.
SeaNews Turkey
The Shanghai export container settlement freight index for the North America route has dropped nearly 40 per cent from July highs. The peak season for Christmas runs from August to September, but shipments began as early as April this year. That would indicate container shipments will decline from September to November, according to research by Huatai Futures.
United States inventories are now at healthy levels following a surge in shipments from May to July, according to digital freight forwarder FLEXPORT's market report. With inventory replenishment largely complete, freight demand is expected to weaken in the coming weeks, the report said.
Data from UK's Container Trade Statistics revealed that shipments from East Asia to Europe had already fallen in July, dropping from 1.75 million TEU in June to 1.58 million TEU.
SeaNews Turkey
