Global Freight Rates Soar to Two-Year High Amid Geopolitical Instability and Supply Chain Disruptions

Container shipping costs on major Asia–US and Asia–Europe routes have surged, pushing global freight rates to a two-year high. This sharp increase is attributed to a combination of geopolitical instability, shifting trade policy expectations, capacity management by shipping lines, and ongoing disruptions to key maritime corridors, including the Strait of Hormuz. The volatility signals renewed challenges for global supply chains and is influencing importers to accelerate shipments ahead of potential tariff changes.