2026-09-17 21:11:05
Container Shipping Rates Hit $10,948 on 40-Foot Unit as Iran Conflict Drives 4x Surge Since February
According to Xeneta, container shipping rates surged to $10,948 for a 40-foot unit on September 18, marking a four-fold increase since Iran's military escalation began on February 28 and approaching the pandemic-era record of $11,900 set in January 2022. Ship fuel costs rose to $901.5 per ton, up