Highlight:Global International Freight Rates Decline

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Update time:2024-10-09



International shipping costs have seen a significant decline recently, with container spot rates dropping nearly 50% in the third quarter of 2024. For instance, the cost to ship a standard 20ft container from Eastern China to Riyadh Saudi Arabia has dropped from $3900 in June to just $1700 this month. Since freight costs are decreasing, the situation remains fluid as demand continues, it would be a good opportunity to deal containers with China side from another perspective.



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