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Containers Strait of Hormuz crisis Freight rates

Demand rebound and Hormuz gridlock fuel container rate hikes

  • Asia-Europe and transpacific spot rates spike as demand rebounds and Hormuz closure traps ships
  • Volume recovery on main lanes seen as seasonal pattern, not fuel-cost fears
  • Hapag-Lloyd chief says rising rates still not enough to offset $50m-$60m weekly fuel cost spike

  • Analysis

Freight rates are climbing but Hapag-Lloyd says the Hormuz crisis won’t be a repeat of coronavirus-era windfalls

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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