Shanghai Shipping Exchange: Geopolitical situation continues to impact, most routes' freight rates rise this week

On March 28, People’s Financial News reported that the Shanghai Shipping Exchange released the weekly report on China’s export container shipping market, indicating that the transportation market on relevant routes continues to be affected due to the ongoing tense geopolitical situation. The Chinese export container shipping market continues to face the test of geopolitical circumstances. This week, most long-distance shipping routes saw an increase in freight rates, driving the composite index upward. On March 27, the Shanghai Shipping Exchange announced that the Shanghai Export Container Composite Freight Index was 1826.77 points, an increase of 7.0% compared to the previous period.

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