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Ocean Freight

Ocean lanes diverge: SCFI Europe base falls 4.4% to $2,716/TEU, Persian Gulf +7.1%

Source: Shipping Gazette · 2026-08-31
Summary

While transpacific rates climbed, Asia-Europe softened: the SCFI Europe base-port rate dropped 4.4% to USD 2,716 per TEU and the Mediterranean fell 5.6% to USD 3,557 per TEU as capacity returned via Suez. By contrast the Persian Gulf rate rose 7.1% to USD 6,139 per TEU on Hormuz tensions, and South America gained 11% to USD 8,663 per TEU-underscoring route-specific pricing.

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