Freight Rate Update, July 6, 2026

Global container freight rates continued to rise during the week, supported by strong cargo demand, peak-season shipments, vessel space constraints, and worsening port congestion across key trade hubs. Freight markets remained firm on most major routes, with Asia-origin trades leading the gains.

The global container freight index increased by 8% week over week to $3,715 per 40-foot container, reflecting continued strength across international shipping markets.

Strong demand on major east-west trade lanes encouraged carriers to introduce additional rate hikes, peak-season surcharges, and higher freight charges. At the same time, congestion at several Asian and European ports reduced available vessel capacity, helping push rates higher.

Market sentiment also received support from improving shipping conditions in the Middle East. Vessel movements through the Strait of Hormuz continued to recover, while major carriers have started gradually restoring Suez Canal services on selected Asia-Europe routes. However, shipping companies remain cautious and continue monitoring security conditions in the region.

Looking ahead, freight rates are expected to remain elevated in the near term due to strong seasonal demand, limited vessel availability, and ongoing congestion. However, some market participants believe the current demand surge may ease later if shipments have been accelerated ahead of upcoming tariff and cost changes.

Pacific Routes

China/East Asia → North America West Coast

Current Freight: USD 6,687/40ft Container
Previous Week: USD 6,191/40ft Container
Weekly Change: ▲ 8%

North America West Coast → China/East Asia

Current Freight: USD 413/40ft Container
Previous Week: USD 449/40ft Container
Weekly Change: ▼ 8%

China/East Asia → North America East Coast

Current Freight: USD 8,635/40ft Container
Previous Week: USD 7,995/40ft Container
Weekly Change: ▲ 8%

North America East Coast → China/East Asia

Current Freight: USD 566/40ft Container
Previous Week: USD 609/40ft Container
Weekly Change: ▼ 7%

Suez Routes

China/East Asia → North Europe

Current Freight: USD 5,384/40ft Container
Previous Week: USD 4,895/40ft Container
Weekly Change: ▲ 10%

North Europe → China/East Asia

Current Freight: USD 580/40ft Container
Previous Week: USD 574/40ft Container
Weekly Change: ▲ 1%

China/East Asia → Mediterranean

Current Freight: USD 7,100/40ft Container
Previous Week: USD 6,396/40ft Container
Weekly Change: ▲ 11%

Mediterranean → China/East Asia

Current Freight: USD 489/40ft Container
Previous Week: USD 479/40ft Container
Weekly Change: ▲ 2%

Atlantic Routes

North America East Coast → North Europe

Current Freight: USD 529/40ft Container
Previous Week: USD 485/40ft Container
Weekly Change: ▲ 9%

North Europe → North America East Coast

Current Freight: USD 2,298/40ft Container
Previous Week: USD 2,108/40ft Container
Weekly Change: ▲ 9%

Europe → South America East Coast

Current Freight: USD 1,250/40ft Container
Previous Week: USD 1,016/40ft Container
Weekly Change: ▲ 23%

Europe → South America West Coast

Current Freight: USD 2,520/40ft Container
Previous Week: USD 2,471/40ft Container
Weekly Change: ▲ 2%

The strongest weekly increase was recorded on the Europe-to-South America East Coast route, while Asia-to-Europe routes also posted notable gains. The only declines were seen on the return trans-Pacific routes from North America to Asia.

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