Iran war anxiety sends global container shipping rates soaring

The cost of shipping a container of goods from Asia to the US has doubled since the start of the Iran war, driven by ‌spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on. "If you want to know how seriously to take the threat of an energy crisis, look at container shipping rather than oil markets because the risk is priced into the spiraling freight rates far more clearly," said Peter Sand, chief analyst at freight prici

By The Korea Herald