Shipping
Container Spot Rates Snap Back as Carriers Push Emergency Surcharges Amid Hormuz Tensions
Container spot rates rebounded 3% to $2,286 per 40-foot container this week, driven by Transpacific gains as carriers implemented Emergency Fuel Surcharges and Peak Season Surcharges amid Strait of Hormuz uncertainty. Shanghai-to-New York rates climbed 7% to $3,721 per FEU, while Shanghai-to-Los Angeles rose 5% to $3,062 per FEU. MSC and CMA CGM increased surcharges, with carriers planning aggressive rate hikes beginning May 15.