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Global container shipping market volatility

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2026-08-22 07:46 UTC → 2026-08-22 08:39 UTC · added ~~removed~~

In late July and August, the container shipping industry faced significant volatility characterized by high rates of blank sailings. Drewry estimated that 57 departures, representing an 8% cancellation rate, were scheduled between late July and late August, with the majority occurring on Trans-Pacific eastbound routes. By late August, shipping rates between East and West began to rise. This increase was attributed to capacity constraints, congestion at major Chinese ports, and geopolitical tensions, specifically following the expiration of a memorandum of understanding between the United States and Iran regarding the Strait of Hormuz. While some vessels have returned to the Red Sea and Suez Canal, the Drewry World Container Index reported a 4% increase to $4,526 per 40-foot ~~container, with notable~~ container. Recent data shows specific hikes on Pacific ~~routes~~ routes, including a 9% rise for shipments from Shanghai to New ~~York~~ York, reaching $9,507, and a 9% rise for the Shanghai to Los ~~Angeles.~~ Angeles route, reaching $6,802. Capacity from Asia to the US East Coast fell by 9% in August compared to July. Shipping companies continue to manage capacity through service cancellations, with seven cancellations announced for the upcoming week. Geopolitical risks remain elevated as no permanent solution has been reached regarding the Strait of Hormuz.

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