- China to U.S. East Coast spot rate hits $10,948 per 40-foot container, Xeneta data shows.
- Bunker fuel price reaches $901.50 per metric as the Iran war fuel spike raises shipping costs.
- Strait of Hormuz ship crossings remain in single digits, keeping the key oil chokepoint constrained.
- Ocean container shipping rates are rising toward record highs on the Iran war fuel spike.
Quotes
“China to U.S. East Coast spot rate hits $10,948 per 40-foot container, Xeneta data shows”
“Strait of Hormuz ship crossings remain in single digits, data shows”
“Ocean container shipping rates could test record highs as Iran war fuel spike drives rise, analysts say”