š¢ Ocean Freight Just Hit 10-Week High ā Your Steel Shipping Cost Is Exploding. Book Now or Pay Double.
Created on 07.14
If you thought steel tariffs were bad enough, here comes the second punch: ocean freight is skyrocketing.
The Shanghai Containerized Freight Index (SCFI) has climbed for ten consecutive weeks, reaching 3,326.87 points as of July 3, 2026.This is not a blip ā it is a full-blown surge.
Current spot rates (per FEU):
- US West Coast:
- US East Coast:
- Europe:
Why is freight climbing?
- Red Sea rerouting
ā Most major carriers continue to divert around the Cape of Good Hope, removing 25ā30% of global capacity.
- Peak season demand
ā Traditional peak season, combined with tariff-driven front-loading, has pushed volumes to record levels.
- Carrier rate hikes
ā Multiple shipping lines implemented $1,300ā$1,500/FEU General Rate Increases effective July 1.
- Fuel and carbon costs
ā Bunker fuel prices remain elevated, and EU carbon regulations are adding carrier costs that get passed directly to you.
The forecast: Industry expects Q3 volumes and rates to remain strong through the back-to-school and Christmas stocking seasons.
What this means for you:
Every week you wait, your shipping cost goes up. A delay of just 7ā10 days could cost you hundreds of dollars more per container ā on top of already-rising steel prices.
š© Book your shipping space NOW. Lock your freight cost before the next rate hike.
Contact
Leave your information and we will contact you.
ēµčÆ
WhatsApp