Ocean rates rise as Hormuz makes fuel top concern for global carriers
Container ocean freight rates continued climbing on April 9, 2026, driven primarily by surging bunker fuel costs and persistent uncertainty around the Strait of Hormuz, even after the recent US-Iran ceasefire. FreightWaves reported that Trans-Pacific container rates to the U.S. West Coast have risen by approximately $700 per 40-foot equivalent unit (FEU) in recent weeks. […]
Strait of Hormuz Shipping Traffic Remains Below 10% of Normal Volumes Despite US-Iran Ceasefire
Ship traffic through the Strait of Hormuz stayed at a near-standstill on April 9, 2026, with only seven vessels transiting in the past 24 hours compared to the normal daily average of around 140 ships, according to data from Kpler, Lloyd’s List Intelligence, and Signal Ocean. This represents well below 10% of normal volumes even […]