On September 30, the Shanghai Shipping Trade Research Institute released the Shanghai Export Container Composite Freight Index at 3662.30 points, down 0.7% from the previous period. European routes. According to data released by S&P Global, the Eurozone composite PMI rose to 53.1 in September 2026, the highest level since April 2023. However, corporate investment costs and output prices rose at the fastest rate in 4 months, and cost and price pressure in the manufacturing and service sectors all rose. The European economy will still face the test of high inflation in the future. Before the long holidays, transportation demand was relatively stable, and market freight rates continued to drop. On September 30, the freight rate for exports from Shanghai Port to the basic European port market was 2199 US dollars/TEU, down 4.9% from the previous period. For Mediterranean routes, market conditions are consistent with European routes, and spot market booking prices continue to fall. On September 30, the freight rate for exports from Shanghai Port to the basic Mediterranean port market was 2,996 US dollars/TEU, down 2.3% from the previous period. On the North American route, the economic and trade teams of China and the US held the latest round of economic and trade negotiations last week and reached a number of agreements, including establishing and promoting trade councils and other mechanisms to reach a “30 billion US dollar” equal tax reduction arrangement. This has promoted the continued steady and positive development of Sino-US economic and trade relations. Demand for transportation remained high this week, and spot market freight rates rose slightly before the holiday season. On September 30, the freight rates exported from Shanghai Port to the basic port markets of the US West and East US were 7,578 US dollars/FEU and 10,528 US dollars/FEU, respectively, up 1.5% and 0.3% from the previous period. On the Persian Gulf route, the situation in the Middle East is still in a tense situation and continues to affect the Red Sea region, but the overall risk is under control, and the freight rate index fell slightly this week. On September 30, the freight rate for exports from Shanghai Port to the basic port market in the Persian Gulf was US$6,489/TEU, down 1.5% from the previous period.

On September 30, the Shanghai Shipping Trade Research Institute released the Shanghai Export Container Composite Freight Index at 3662.30 points, down 0.7% from the previous period. European routes. According to data released by S&P Global, the Eurozone composite PMI rose to 53.1 in September 2026, the highest level since April 2023. However, corporate investment costs and output prices rose at the fastest rate in 4 months, and cost and price pressure in the manufacturing and service sectors all rose. The European economy will still face the test of high inflation in the future. Before the long holidays, transportation demand was relatively stable, and market freight rates continued to drop. On September 30, the freight rate for exports from Shanghai Port to the basic European port market was 2199 US dollars/TEU, down 4.9% from the previous period. For Mediterranean routes, market conditions are consistent with European routes, and spot market booking prices continue to fall. On September 30, the freight rate for exports from Shanghai Port to the basic Mediterranean port market was 2,996 US dollars/TEU, down 2.3% from the previous period. On the North American route, the economic and trade teams of China and the US held the latest round of economic and trade negotiations last week and reached a number of agreements, including establishing and promoting trade councils and other mechanisms to reach a “30 billion US dollar” equal tax reduction arrangement. This has promoted the continued steady and positive development of Sino-US economic and trade relations. Demand for transportation remained high this week, and spot market freight rates rose slightly before the holiday season. On September 30, the freight rates exported from Shanghai Port to the basic port markets of the US West and East US were 7,578 US dollars/FEU and 10,528 US dollars/FEU, respectively, up 1.5% and 0.3% from the previous period. On the Persian Gulf route, the situation in the Middle East is still in a tense situation and continues to affect the Red Sea region, but the overall risk is under control, and the freight rate index fell slightly this week. On September 30, the freight rate for exports from Shanghai Port to the basic port market in the Persian Gulf was US$6,489/TEU, down 1.5% from the previous period.