Freight charges surge due to West Asia conflict
pre-market1 source ↓written by the desknot a recommendation
- from just
- $2,000 per TEU
- from just
- $203
- per tonne
- $94 to $207
- rates rose
- $14 to $28.6
The ongoing conflict in West Asia has caused freight charges for container cargo to increase nearly ten-fold, reaching $2,000 per TEU from just $203. LPG freight rates have jumped from $94 to $207 per tonne, while crude oil rates rose from $14 to $28.6. This surge reflects heightened risks and uncertainty in the region, prompting the shipping ministry to monitor rates closely.
Not investment advice. For informational purposes only.