Xeneta reports massive freight rate increases
Rates surge across major trades due to Middle East conflict, port delays and energy crisis fears, with Far East–US West Coast spot at USD 3,933 per FEU.
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Ocean and air freight rate analytics platform
xeneta.comLast updated
In short: Xeneta reported that global air and ocean freight rates surged due to Middle East conflicts, though some pricing relief was expected by June.
Rates surge across major trades due to Middle East conflict, port delays and energy crisis fears, with Far East–US West Coast spot at USD 3,933 per FEU.
Chief Analyst Peter Sand explains the wave pattern of rate spikes and strategies for shippers.
The disruption affected both ocean and air freight, with air capacity dropping 18% and rates surging 50%, and proactive teams had predefined mode-shift triggers.
Spot rates on Far East to Persian Gulf exceed COVID and Red Sea peaks, with capacity near zero.
Asia-to-U.S. spot rates reported by both Xeneta and Drewry are up almost 100% from levels at the end of February, when the Iran conflict began...
“Even with alternative routings, there is huge schedule disruption at ports like Mundra, Nhava Sheva, and Khor Fakkan — and that is not going to...
From oil to gas and fertiliser prices, to shipping rates and ease of passage, fragile ceasefire rests on success of Pakistan ...
Five weeks into the closure of the Strait of Hormuz, global ocean freight markets are experiencing broad-based rate escalation across all major east-to-west trade lanes...
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