Ocean freight rates rise as Middle East disruption tightens global shipping capacity

Shanghai Containerized Freight Index shows rising container shipping rates with +35% year-on-year growth and +21% over the past three months

Ocean freight rates are rising as Middle East disruption, port congestion and fuel shortages reduce effective vessel capacity across major trade lanes. Sustained demand growth from Asia and higher bunker costs are expected to keep ocean freight markets volatile through 2026. Ocean freight markets are under renewed pressure as disruption linked to the Middle East crisis continues to reduce effective […]

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