China–U.S. spot freight rates soar amid demand surge

Spot Freight Rates on China–U.S. Route Surge to USD 6,000 per FEU

Major container shipping lines are doubling spot freight rates on the China–U.S. routes, as large volumes of cargo are rapidly moving from Asia — including China — to North America. This surge follows the United States’ temporary 90-day tariff suspension on Chinese goods. Although concerns remain about the long-term stability of the policy, spot rates began rising after the tariff suspension was jointly announced by the two countries in early May 2025.

If carriers successfully implement the planned General Rate Increase (GRI) and Peak Season Surcharge (PSS) starting June 1, 2025, spot rates could reach approximately USD 6,000 per FEU to the U.S. West Coast and USD 7,000 per FEU to the East Coast. The GRI is a standard hike applied across all carriers, while the PSS typically impacts smaller carriers more significantly. Currently, market conditions are favoring the carriers, as shippers rush to move goods into the U.S. during the temporary tariff relief window.

Shipping line Hapag-Lloyd reported a 50% increase in bookings on vessels from China to the U.S. this week, while some freight forwarders observed a dramatic surge of up to 100%.

Illustration: Hapag-Lloyd container vessel

The tariff suspension coincides with peak seasonal demand ahead of upcoming holidays, prompting importers to expedite shipments before tariffs may be reimposed.

Carriers including Hapag-Lloyd, MSC, CMA CGM, Ocean Network Express (ONE), and Zim have announced new spot rates of USD 6,000 per FEU effective June 1, 2025. Another rate hike is scheduled for June 15, 2025, with Hapag-Lloyd, MSC, and CMA CGM expected to raise rates to USD 8,000 per FEU, according to carrier pricing announcements.

(Source: Giá cước vận tải biển giao ngay tuyến Trung Quốc-Hoa Kỳ tăng vọt vì cầu tăng đột biến)