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Ocean freight rates on India-Gulf routes, which once surged sharply due to tensions in the Middle East, have plunged recently, with some routes seeing a maximum drop of 40% within two weeks. Statistics sho...
Disruptions at the Strait of Hormuz have restricted crude oil exports from the Middle East, leading to a steep hike in bunker fuel prices. In May 2026, prices of low-sulfur and high-sulfur bunker fuel surged 69%...
The global container shipping market has heated up recently, with freight rates climbing for four consecutive weeks. On May 22, the Shanghai Containerized Freight Index (SCFI) rose by 3.62% week-on-week, ...
Recently, Iran has officially launched a traffic management mechanism for the Strait of Hormuz and will soon release toll standards and exclusive shipping routes to safeguard national sovereignty and the safety ...
After the May Day holiday, the Shanghai Containerized Freight Index (SCFI) posted a better-than-expected rise for two consecutive weeks.
After two consecutive weeks of declines, the container shipping market has staged a phased rebound. The latest Shanghai Containerized Freight Index (SCFI) halted its fall and rose to 1911.4 points, posting a w...