BusinessPhoto: Firstpost BusinessGlobal Container Freight Rates Surge 130% Amid Middle East Tensions
Global container freight rates have surged by 130% since February 2026 due to renewed tensions in the Middle East, raising concerns over shipping costs and international trade. Rates rose from $2,000–$2,500 in February to $4,000–$4,500 in October 2026. The return of shipping lines to the Suez Canal amid ongoing West Asia tensions is a key factor. India's container trade also grew 23% year-on-year in September 2026.
Firstpost Business·