Maritime shipping faces price hikes from China
Container shipping prices from China surged dramatically in September 2026, increasing up to 200% for Gulf Cooperation Council countries and up to 240% to the U.S. coast. This was due to disruptions in maritime routes, especially because of the near-closure of the Strait of Hormuz, along with additional costs related to the war, insurance, and fuel. The current cost to transport a standard container has risen to approximately $8,000, compared to $2,700 at the beginning of the year. Shipping fees have doubled, and supply chain costs have surged, leading to higher prices for food and building materials, as well as delays in shipping. The UAE has sought to update and diversify shipping routes through external ports, land, and railways to cut costs and mitigate impacts. Importers are advised not to rely solely on published rates and to include emergency and insurance fees in shipping contracts. There is also an emphasis on expanding the use of alternative ports outside the Strait of Hormuz. Market expectations indicate that costs will continue to rise until the end of the year, with maritime traffic through the strait remaining abnormal.
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