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2026-04-04 08:59:31
[Shanghai Shipping Exchange: Geopolitical Tensions Drive Freight Rates Up on Most Routes] (1) This week, China's export container shipping market continued to face a tense geopolitical situation, with freight rates on most ocean routes continuing to rise, driving up the composite index. The Shanghai Export Container Freight Index was 1854.96 points, up 1.5% from the previous period. (2) Regarding the Persian Gulf route, the ongoing military conflict in the Middle East continues to severely impact the regional shipping market. Currently, the routes remain stagnant, and the overall transportation market is characterized by high prices but low volume. (3) Despite this, market freight rates continued to rise this week. The market freight rate (including ocean freight and surcharges) from Shanghai Port to the main ports of the Persian Gulf was US$3977/TEU, up 6.7% from the previous period.
