08-June-2026
Corporate News
 
US-Iran war sends container shipping rates soaring over 100% on key trade routes: Report
08-Jun-2026

Global container shipping rates have surged to their highest levels in about a year as the war between the United States and Iran continues to disrupt trade routes, raise fuel costs and strain shipping networks across Asia. Fresh data from freight analytics platform Xeneta shows the cost of moving goods by sea rose sharply over the past week, as per Bloomberg report. The spot rate for a 40-foot container from Asia to Northern Europe climbed to $3,649 as of Friday, up 27% from a week earlier. Shipping costs from Asia to the US West Coast jumped 20% to $3,933, reported Bloomberg citing data from Xeneta.

News Source:- https://www.financialexpress.com/business/us-iran-war-sends-container-shipping-rates-soaring-over-100-on-key-trade-routes-report-4261080/