Shipping Market Report： Middle East Freight Rates Remain High, West Africa and South America West Coast Rates Rise！

Shipping Market Report： Middle East Freight Rates Remain High, West Africa and South America West Coast Rates Rise！

The latest shipping market monitoring data shows that freight rates to the Middle East remain high, while rates to West Africa and South America continue to rise, posing greater challenges for exporters and importers.

Freight premiums on the Middle East route remain high. Limited vessel supply, longer voyage cycles, and increased insurance and fuel surcharges are the core factors supporting freight rates.

Market prices in West Africa and South America West Coast have been strengthening continuously. For the West Africa route, seasonal increases in freight volume, coupled with selective cancellations by liner operators, have led to increased capacity.

Henan Brilliant Biotech’s logistics team maintains close communication with freight forwarders, tracking capacity releases and sailing schedule changes in real time. We recommend locking in orders as early as possible and allowing time for production and transportation planning to mitigate the impact of freight fluctuations.Especially for products with rapidly changing prices: such as SLES, citric acid, caustic soda, and PVC products...