{
  "id": 11526826,
  "title": "Freight rates into US reach post-Hormuz crisis peak – but no collapse is in sight",
  "url": "https://urgent.news/2026/10/02/freight-rates-into-us-reach-post-hormuz-crisis-peak-but-no-collapse",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T21:00:55.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/freight-rates-into-us-reach-post-hormuz-crisis-peak-but-no-collapse-is-in-sight/"
  },
  "original_language": "en",
  "account": "The latest freight rates into the United States have hit a peak not seen since the Hormuz crisis, according to the Xeneta Weekly Ocean Container Shipping Market Update. However, the market does not appear to be on the verge of a collapse. Peter Sand, Xeneta Chief Analyst, attributes this increase to easing port congestion in Asia, as typhoon season winds down, and lower exports due to Golden Week and national holidays in China. Despite a modest 1.4% increase into the US West Coast and 0.7% into the US East Coast, rates remain 344% and 335% higher than pre-Hormuz crisis levels. While spot rates have peaked in Far East to North Europe and Mediterranean routes, they continue to decline, with further decreases expected in October. Market forecast indicates elevated freight costs for the remainder of 2026, although shippers should not expect a collapse. The US East Coast is expected to be more expensive than the US West Coast, with a spread of USD 3,177 per FEU. Over the next three months, spot rates could range from USD 6,000-7,000 for the US East Coast and USD 4,500-5,500 for the US West Coast, representing a significant correction but not a collapse.",
  "summary": "The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting insight from Peter Sand, Xeneta Chief Analyst. Peter Sand, Xeneta Chief Analyst: “Spot rates from Far East to the US ticked up again on 1 October, but we can say ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}