Will ocean freight rates increase again in late August?
Since late July, international shipping rates have seen consecutive decreases over three weeks, resulting in reductions exceeding $2000 per 40HQ container from China to the U.S. West Coast, and over $1000 to the U.S. East Coast. However, starting in the second week of August, various shipping companies have indicated that international shipping rates are set to increase again by late August.
The first official announcement of rate increases came from COSCO, as detailed in the market release notice from COSCO.
LINKWAY, as an international freight forwarding company specializing in Chinese exports, constantly monitors price fluctuations in the international shipping market. We promptly relay these updates to all our customers, enabling them to plan their shipments ahead of potential rate hikes and thereby saving on shipping costs.
Our core services include door-to-door service from China to the U.S., Canada, Australia, the EU, and the UK, covering both air and sea freight, including FBA shipping services. For further information, please feel free to contact us.
