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World
Container shipping rates from Asia to the United States have risen sharply by 109% since the outbreak of the Iran-US war, driven by supply chain disruptions and port capacity declines.
Since the onset of the conflict between the United States and Iran, container shipping prices from Asia to the US have surged dramatically, recording a 109% increase amid global supply chain disturbances and reduced port capacity.
Data from the shipping platform Zenita indicates that the cost to ship a standard 40-foot container from Asia to the US West Coast has climbed to approximately $3,933. Meanwhile, shipments headed to Northern Europe reached $3,649, marking a weekly rise of 27%, according to Bloomberg.
Shipping companies attribute these price hikes to rising fuel expenses, congestion at certain Asian ports, and increased demand as the peak shipping season approaches in July and August.
Statistics reveal that shipping rates from Asia to the US have escalated by 109% since the war began, while increases on routes to Europe have exceeded 50%.
Redirected shipments due to disruptions in Middle Eastern sea lanes have caused bottlenecks at major Southeast Asian ports, including Singapore and Port Klang in Malaysia, intensifying pressure on global supply chains.
Analysts note that port disturbances have a direct effect on international trade flows, even for routes not passing through the Middle East, because of the extensive interconnection among global shipping hubs.
Shares of A.P. Moller-Maersk rose by about 13% during the week, benefiting from the surge in shipping prices.
Experts warn that continued increases in oil prices could further elevate shipping costs in the near future, while ongoing volatility is expected to persist in the global maritime transport market.
