Containers say ‘hold my disruptions’ as ocean rates surge

CTS: ‘Remarkably resilient’ boxes shake off effects of Hormuz, Iran war – for now

(Photo: FreightWaves/Jim Allen)

Global container volumes maintained a strong pace in April, turning in strong year-on-year gains in the first full month since Iran closed the Strait of Hormuz. 

Despite serious disruptions from the Iran war, where hostilities now stretch from the Persian Gulf to the Mediterranean, global container traffic remained ‘remarkably resilient’ at 16.2 million twenty foot equivalent units in April, according to Container Trade Statistics.

That’s up 4% from April 2025, and a narrow 1.6% improvement from March.

CTS, which gets its data directly from many of the largest shipping lines, said year-to-date volumes remain 5% above 2025 levels.

“This reinforces a long-standing maxim of global trade: Cargo behaves much like water, finding alternative routes when traditional pathways become restricted,” the British-based analyst said.

The CTS Global Price Index rose sharply to 89 points in April, up more than 12% from 79 in March, pressured by the Hormuz crisis. That’s the biggest gain since June 2024, at the height of carriers diverting vessels away from the Red Sea, substantially removing market capacity.

All regions saw growing imports except North America and, unsurprisingly, the Indian Sub-continent and Middle East, which declined by 2% and 4%, respectively.

A decline in North America came on reduced volumes originating from Europe, the Indian Sub-continent and Middle East, and South and Central America. 

Rates on the benchmark trans-Pacific have been surging over the past month. Carriers have been managing capacity with blankings while issuing a storm of surcharges and rate restoration fees. Market observers say some importers have begun bringing in goods ahead of schedule – or frontloading – as uncertainty swirls and the peak season gets underway.

Exports compare similarly with the import market. India/Mideast and North America were the only regions to see volume drops, of 15% and 3%. Year-to-date, Europe exports are off 2%, an improvement from March’s 3% slide. While European exports have shown gradual improvement throughout early 2026, those results have been undermined by a substantial reduction in cargo moving into the India/Mideast region.

Still, ‘while volumes have softened slightly in affected regions, overall trade remains robust,” CTS said. Sub-Saharan Africa continues to emerge as one of the strongest performing regions globally. Year-to-date, exports are up 10% and imports are up 15%, where alternative trade routes and emerging markets are increasingly supporting global growth. 

A key unknown is when and if higher transport costs begin to exert meaningful pressure on global volumes.

Read more articles by Stuart Chirls here.

Related coverage:

Peak indicator: $2,600 increase on one U.S. shipping service

Box rates soar $1,000 in one week on peak

Swearing-in of commissioner returns U.S. maritime regulator to full strength

Oakland exports lead imports in April

Upcoming FreightWaves Events
AI

Supply Chain AI Symposium

Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.

July 15, 2026
The Old Post • Chicago, IL
Register Now
FreightTech

F3: Future of Freight Festival

Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.

October 27, 2026 – October 28, 2026
The Signal at Chattanooga Choo Choo • Chattanooga, TN
Register Now
AI Supply Chain AI Symposium Jul 15 • The Old Post • Chicago, IL

Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.

The Old Post • Chicago, IL Register Now
FreightTech F3: Future of Freight Festival Oct 27 – Oct 28 • The Signal at Chattanooga Choo Choo • Chattanooga, TN

Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.

The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now

Stuart Chirls

Stuart Chirls is a journalist who has covered the full breadth of railroads, intermodal, container shipping, ports, supply chain and logistics for Railway Age, the Journal of Commerce and IANA. He has also staffed at S&P, McGraw-Hill, United Business Media, Advance Media, Tribune Co., The New York Times Co., and worked in supply chain with BASF, the world's largest chemical producer. Reach him at stuartchirls@firecrown.com.