Sea freight rates hit the biggest drop since the epidemic!

Due to the looming inflation in the European and American markets, sluggish demand and overstocked inventory, as the supply of goods decreases, the pressure of shipping companies to fill warehouses has led to the phenomenon of bargaining and rushing for goods, and the decline in freight rates has become a trend.

At present, the import of goods from Europe and the United States and the export of goods from Asian countries have declined, and the decline of container shipping is unstoppable. The latest Shanghai Container Freight Index (SCFI) was 3154.26 points, down 275.57 points from last week, or 8.03%, the largest weekly decline since the epidemic, and has been declining for 11 consecutive weeks.