Container shipping rates are spiking again. The spot rate for a 40-foot container from Shanghai to LA hit $6,482 last week, the highest since 2024 and nearly 3x since the Iran War began in February. 10 consecutive weekly increases. The Port of LA still processed 530K+ loaded inbound containers in June (+13% YoY, a record for June) as importers rush goods in ahead of tariff expiration on July 24th. War disruptions + tariff front-running = supply chain stress building fast.

Container shipping rates are skyrocketing again: The spot rate for a 40-foot container from Shanghai to Los Angeles rose to $6,482 last week, the highest since 2024. This marks the 10th consecutive weekly increase. Spot rates for this route have nearly TRIPLED since the Iran War began in February. Still, the Port of Los Angeles processed more than 530,500 loaded inbound containers in June, up +13% YoY, the highest volume in any June on record. The surge has been driven by importers rushing goods into the US ahead of the expiration of temporary tariffs on July 24th and expected new import taxes, while the Iran War continues to disrupt shipping patterns. Supply chain stress is surging again.

🇧🇬 Container ship sinks off Bulgaria after naval drone attack As previously reported by Bulgaria’s Defense Ministry, the Liberia-flagged Contship Jet was sailing from Haifa, Israel, to the Romanian port of Constanța and was hit three times. The damage was recorded by a French patrol aircraft. The crew of the container ship was rescued. Since the beginning of October, unmanned boats and drones have regularly attacked vessels in the Black Sea off the coasts of Romania and Bulgaria. Targets have included ships linked to the transport of Ukrainian grain and other cargo. In total, at least nine large commercial vessels have been attacked off the coasts of Bulgaria and Romania during October. Ukraine accuses Russia of the attacks. Bucharest and Sofia also place responsibility on Moscow.