Increased fuel costs from the Strait of Hormuz closure continues to keep container rates elevated during the post-Lunar New Year, pre-peak season, low demand season for ocean freight when prices normally reach their floor for the year. Even with this pressure however, rates are well below spikes caused by recent disruptions like the Red Sea […] The post Freightos Weekly Update: Transpac ocean rates continue to edge up on Iran pressure appeared first on Container News .