Global container freight rates are rising for the fourth consecutive week, driven by geopolitical tensions and mounting pressure on fuel supply chains. According to Drewry's World Container Index, rates increased 5% to $2,279 per 40ft container.
© Ilfede | Dreamstime
The rise has been led by Asia–Europe routes, where prices surged significantly. Rates from Shanghai to Genoa climbed 12% to $3,474, while Rotterdam saw a 3% increase to $2,552. Transpacific routes also recorded gains, with shipments to New York and Los Angeles rising by 3% and 4% respectively.
The escalation is closely linked to disruptions in the Middle East, particularly around the Strait of Hormuz, a critical oil transit route. Reduced fuel availability has pushed carriers to introduce cost-saving measures such as slow steaming and emergency fuel surcharges.
Despite relatively stable shipping capacity, with limited blank sailings reported, carriers are signalling further price increases. Some have already announced higher rates effective from April.
© Drewry
Drewry expects freight costs to remain elevated in the near term as uncertainty persists. The situation reflects broader strain across global supply chains, where rising fuel costs and geopolitical instability continue to reshape trade dynamics.
More information:
Drewry
www.drewry.co.uk
