Last mentioned: Mar 19, 2026
Hormuz Crisis Impact
Drewry reports 2% rise to $2,172; geopolitical risks in Hormuz cited as a major cost factor.
Second Consecutive Gain
WCI continues upward trend as Transpacific demand strengthens.
Shipment Collapse
Fuel oil shipments to Asia reach a functional standstill for non-Iranian vessels.
Capital Flight
FPI withdrawals from India reach Rs 21,000 crore amid deepening West Asia conflict.
Market Panic
North Asian markets experience panic selling; US oil prices hit multi-decade weekly growth records.
Output Cuts Begin
Gulf oil producers reduce production as security risks in the Strait of Hormuz escalate.
Initial Rate Uptick
Spot rates begin to climb after a period of relative stability.
The Drewry World Container Index rose 2% to $2,172 per 40-foot container, marking a third consecutive week of gains. Rising demand on Transpacific routes and geopolitical instability in the Strait of Hormuz are driving the current surge in global shipping costs.
A total cessation of non-Iranian shipping through the Strait of Hormuz has triggered a severe fuel oil shortage across Asia, sending energy prices to their highest levels in decades. The disruption, fueled by an escalating regional conflict, has forced a massive realignment of global trade routes and sparked significant capital outflows from Asian markets.
A sudden cessation of fuel oil shipments through the Strait of Hormuz has triggered a severe energy shortage across Asian markets. The disruption threatens maritime logistics and industrial power generation, forcing regional economies to scramble for alternative energy sources.