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Container freight rates rise as Strait of Hormuz blockade keeps pressure on bunker prices

AnalysisBy Linda van EekeresPublished: Yesterday 04:45 PM CET

Global container freight rates increased this week, driven by higher prices on Transpacific trade routes as carriers introduced new surcharges amid ongoing geopolitical tensions in the Middle East. At the same time, developments around the Strait of Hormuz continue to add uncertainty to the market and maintain pressure on ocean freight costs.

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