Shipping rates from the Far East to the West and East Coasts of the United States have increased by 324% and 325%, respectively, compared to the end of February 2026, just before the Hormuz crisis. This rate increase has brought the maritime shipping market to a turning point, with rates now only 18% and 11% away from their historical highs during disruptions caused by the COVID-19 pandemic.
Geopolitical Consequences and Market Impacts
Peter Sand, Senior Analyst at Xeneta, stated that if a new record in shipping rates is broken, it will likely occur on the route to the East Coast of the United States. The current market situation indicates a high sensitivity of maritime trade to geopolitical forces and potential global impacts arising from regional conflicts in the Middle East.
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Shipping companies are taking advantage of opportunities in the hot market and are increasing their capacities, especially to the East Coast of the United States. The proposed capacity on the shipping route from the Far East to the East Coast of America has increased by 6% to 7% in September 2026 compared to August 2026.
Expecting Further Increase in Shipping Rates Soon
Given the current market situation, another increase in shipping rates is expected at the beginning of October 2026, as carriers are rapidly preparing their shipments from Asia before the Golden Week holidays. This holiday typically leads to a decrease in activities in the region, and therefore rates are expected to gradually soften or at least slow down in their growth after this increase.
Currently, the average shipping rates as of September 17, 2026, are significantly affected by fluctuations in fuel prices and global demand. According to forecasts, the maritime shipping market may witness significant developments and notable changes in the near future.
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