Middle East conflict drives 70% surge in container shipping costs

Escalating hostilities between Iran and the United States have triggered a sharp rise in global container shipping rates, with costs climbing almost 70% over the past year. The conflict has forced vessels to avoid the Mediterranean and the Suez Canal, prompting longer routes, additional security measures and higher fuel expenses.

Shipping companies and importers in Latin America are feeling the impact. In Colombia, firms are re‑routing cargo and absorbing higher logistics fees, while Mexican shippers report similar disruptions. José Manuel Urreta Ortega, president of the Cámara Mexicana de la Industria del Transporte Marítimo (Cameintram), warned that the cost increase threatens competitiveness and could dampen export demand. He also highlighted nearshoring as a potential opportunity for Mexico to attract more North‑American investment despite the current challenges.

The combined effect of geopolitical risk, port delays and rising oil prices is pressuring supply chains worldwide, prompting companies to adjust inventories, seek alternative routes and reconsider sourcing strategies.