Read our Seafreight Insights to find out about the latest developments in the global sea cargo industry. Get an update on trade and rate developments as well as flexible solutions offered by cargo-partner to deal with the current challenges.
The escalating military conflict in the Middle East is causing severe disruptions to global sea freight operations. With the Strait of Hormuz now blocked by Iran and Houthi militants threatening transit in the Red Sea, vessels are once again being forced to reroute around the Cape of Good Hope.
The major point of uncertainty remains the development of fuel costs, which are directly tied to the volatile situation in the Middle East. In addition, global port congestion has reached a new high, causing a further decline in schedule reliability, which was already poor before the current conflict.
Key market dynamics and trends include:
Increased bunker charges are driving costs higher, compounded by concerns over potential fuel shortages in Asian ports.
Congestion at transshipment hubs in Asia, such as Singapore, Port Kelang and Tanjung Pelepas, is leading to delays.
Carriers have implemented “War Risk Surcharges” with immediate effect in response to the conflict in the Middle East.
The ongoing war will affect the global economy through increased oil prices, particularly due to the closing of the Strait of Hormuz.
A resumption of traffic through the Suez Canal is not expected in the near future.
Current market assessment from April 2, 2026:
Trade Analysis: Far East Westbound
Trade Analysis: Transpacific
Trade Analysis: Far East Eastbound
Trade Analysis: Transatlantic
