Ocean charging rates in the Middle East rises on Iran, the risk straight

Ocean shipping rates to Khun Port, as in the United Arab Emirates, rise like Israel continues to attack Iran I informed Iran The first attack on American military basesAfter the weekend that witnessed US strikes on Iranian nuclear targets.

Shanghai’s rates to Khor Fakan, located on the Coast of the Indian Ocean in the United Arab Emirates, increased by 76 % compared to central May, according to stain shipping data in the ocean followed by the XENETA recharge platform. The average category prices amounted to 3,341 dollars per unit of forty feet (FEU.)

Khor Vakan port is located outside the Strait of Hormuz. Due to its location, the port is considered one of the most important centers of transition to the Arabian Gulf, the Indian continent, the Gulf of Oman, and East Africa Markets.

“The trucks in the area have acted with caution with the risk level gradually increased,” said Peter Sand, chief shipping analyst at XENETA. “The truck has been a front shipment in recent months, to support the supply chain from negative disorders to the flow of containers.”

Khor Fakan Port has arrived 81 ships over the past 24 hours, and 51 ships are expected to arrive during the next thirty days, according to Veseelfnder.

The conflict in the Middle East High -vessel security risksIt added to the operating costs. Ships also move faster, which leads to more fuel, which also adds costs.

Iran’s parliament Voice to agree to close the Strait of Hormuz On Sunday, but this step may not follow, according to many experts. Ships are expected to target attack or seizure as part of their reprisals, including ships that show the general affiliation of the United States, according to the Ambry Maritime Security Company.

One of the main oil carriers, Frontline, said that he will not accept any new contracts that require travel in the Strait of Hermoz.

the Oil market He was trading less on Monday and stock market It was a reaction to the escalation in the conflict. But Sand said that the spread of ocean charging rates is a pioneering indicator of risks and uncertainty. The higher the proliferation, the more market fluctuations and potential risk of the trucks. “During such times, the market is widening,” Sand said.

Shipping trucks who have a more urgent need to move the goods to protect supply chains pay higher prices and additional fees paid by peripheral transport companies. This is usually a smaller position than the trucks who have less negotiating power that find themselves to ensure that their goods are transported. The larger trucks have a negotiating power and can retreat against transportation companies that require high rates. This contrast in negotiating a broader prevalence in shipping prices at different ends of the shipping market.

This spread rises from $ 50 to $ 1.101 over the past forty days (from May 14 to June 23), according to XENETA.

“The spread shows the difference between what the smaller trucks, those who do not have a lot of negotiation power, in exchange for the shipping rates that the largest and strongest trucks pay,” he said.