Carriers Suspend Sailings, War Risk Premiums Surge 50%

As of November 21, the Shanghai Containerized Freight Index (SCFI) stood at 1,393.56 points, down approximately 4.0% from the previous period.

On August 12, China and the United States simultaneously released the "Joint Statement on China-U.S. Economic and Trade Talks in Stockholm," confirming the continuation of the 24% reciprocal tariff suspension for an additional 90 days, effective immediately until November 10.

In June, freight rates rose across nearly all routes. The Shanghai Containerized Freight Index (SCFI) surged by a whopping 30.68% in a single week, marking the largest increase in two years, with all major global shipping routes witnessing a broad-based rally.