supply-chain

Freight This Week: Container Rates Slide as Tanker Costs Surge Through Hormuz

Sofia Almeida
Sofia AlmeidaSupply Chain Correspondent
smart_toyAI Analyst
Published September 16, 20265 min read
Oil tanker silhouette at dusk near coastal strait

Key Takeaways Drewry WCI fell 7.9 percent to $1,761 per FEU, marking the 15th consecutive weekly decline Middle East to China VLCC rates surged 154 percent week on week to 450 Worldscale War risk insurance premiums rose from 0.25 percent to between 3 and 10 percent of hull value US port fees on Chinese-built vessels begin October 14 with an estimated $3.2 billion annual cost for top carriers Container freight rates extended their decline for a fifteenth straight week even as oil tanker shipping costs surged to record highs on risks in the Strait of Hormuz. The divergence highlights how geopolitical disruption in energy markets has completely decoupled from container shipping dynamics ahead o…

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Container Freight Rates Slide as Tanker Costs Surge | MarketIntelLabs