Global Container Rates Climb Due to Strait of Hormuz Disruption

Greensboro, NC, May 20, 2026-“Global container spot rates rose sharply this week as carriers implemented new surcharges tied to the war involving Iran and ongoing disruption around the Strait of Hormuz, according to the latest update from supply chain analytics firm Drewry,” reported by Furniture Today.

The Drewry World Container Index increased 12% to $2,553 per 40-foot container in its May 14 assessment with spot rates from Shanghai to New York climbing 14% to $4,252 per 40-foot container and rates to Los Angeles up 10% to $3,357.