Ocean container shipping rates could test record highs as Iran war fuel spike drives rise, analysts say
Culture Index
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Relevance
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Freshness
25/25
Authority
18/20
Brand Signal
14/15
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5-Axis Cultural Radar
LOS ANGELES: The off-contract ocean container shipping rate from China to the US East Coast has returned to levels seen after COVID-19 upended global trade, and could set new record highs as the US and Israeli war on Iran drives fuel costs higher. The spot rates on that route hit $10,948 per 40-foot container, more than quadrupling since the start of the Iran war on February 28, according to data
