Global freight costs surge 130% as Middle East tensions rattle shipping routes
Since February 2026, global container freight rates have surged, largely influenced by ongoing Middle Eastern unrest. In contrast, India's container trade remains robust, showing a remarkable 23% increase in September 2026. Exports to the US experienced a staggering 48% year-over-year rise. While major ports reported growth, non-major ports struggled, highlighting the contrasting landscape. Notably, shipping lines may be poised to return to the Suez Canal amid these changes.
