Global container freight rates have surged in the past week, with a weekly increase of $1,000-$1,800 per FEU (40-foot TEU).
Current freight rates
According to a FreightWaves report on June 3, the combined effect of the General Rate Increase (GRI) and Peak Season Surcharge (PSS), which took effect on June 1, has driven freight rates up rapidly.
- Trans-Pacific Line (US West Coast)Approximately US$3200/FEU
- Trans-Pacific Line (Eastern United States)Approximately $5,000 per FEU
- Asia-Europe LineDaily rates have exceeded the peak season high of 2025.
CMA CGM and Maersk have announced further price increases mid-month.
Reasons for price increase
Several shipping companies have simultaneously introduced peak season surcharges on routes departing from the Far East:
- Hapag-LloydStarting June 8th, shipments from the Far East to Northern Europe/Mediterranean: 20-foot containers $500, 40-foot containers $1000.
- MaerskFrom June 10th, Far East to Northern Europe/Mediterranean PSS: $300/20'; From June 17th, Far East to the US/Canada PSS; From June 4th, Far East to East Coast of South America PSS: $2000/TEU
What should export sellers do?
Shipping costs are rising rapidly. Recommendation:
Secure your cabin as early as possibleFurther price increases are expected mid-month, making delayed bookings even more costly.
Pay attention to alternative routesThere may still be room for price adjustments on some transit ports or non-direct routes.
Accounting profit marginThe freight rate has increased significantly, necessitating a reassessment of pricing and profits.
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