China-US East Coast container spot rates hit $10,948 per FEU, more than quadrupling since Iran war began, Reuters reports

Ocean container spot rates from China to the US East Coast reached $10,948 per 40-foot container, more than quadrupling since the war with Iran began in February, Reuters reported. The war is driving fuel costs higher and rates on the route could reach record highs.

Detected & updated continuously · Source: Nebula