
Bunker Prices Reach Multi-Year High, Driving Costs in Sea Freight
The Hormuz crisis drives bunker prices to a multi-year high. HSFO rises by 36.5%, VLSFO by 26.4%. Shipping companies respond with surcharges on freight rates.
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The Hormuz crisis drives bunker prices to a multi-year high. HSFO rises by 36.5%, VLSFO by 26.4%. Shipping companies respond with surcharges on freight rates.

Container shipping companies are once again avoiding the Red Sea. Diversions around Africa significantly extend transit times and drive up costs as well as insurance premiums in the global sea freight market.

The port of Chittagong is extending terminal hours by four hours and implementing RFID tracking at the ICD Dhaka. The goal is to achieve greater transparency and increased throughput.

China expands the China Railway Express connections to Central Asia. New terminals, increased frequency, and transit times of approximately 15 days enhance the Eurasian land corridor.