# [Freightos Weekly Update] War in Ukraine roils ocean and air logistics

> Freightos reports that the war in Ukraine is raising oil prices, which is expected to lift freight rates across ocean and air modes. Airspace bans cut Asia-Europe air capacity, and China-Europe air rates jumped more than 80% to $11.36/kg, while Asia-US container rates rose further.

- Date: 2022-03-03 · published 2022-03-03T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12930-freightos-weekly-update-war-in-ukraine-roils-ocean-and-air-logistics
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher bunker and jet fuel costs and reduced capacity raise transport costs for trade flows, adding to feed ingredient landed costs and reinforcing energy-linked freight pressure.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-09-10 | [Infomarine On-Line Maritime News - Freightos Weekly Update: Congestion playing a bigger role in container rates](https://feedsoft.ai/events/16767-infomarine-on-line-maritime-news-freightos-weekly-update-congestion-playing-a.md) | +6.6% | -3.4% |
| WTI | 2024-11-22 | [Oil gains more than 5% for the week as Ukraine war intensifies](https://feedsoft.ai/events/27588-oil-gains-more-than-5-for-the-week-as-ukraine-war-intensifies.md) | -3.0% | -0.9% |
| WTI | 2026-02-20 | [Brent rises late, settles higher and with weekly gain on Iran-US jitters \| Reuters](https://feedsoft.ai/events/20772-brent-rises-late-settles-higher-and-with-weekly-gain-on-iran-us-jitters-reuters.md) | -2.2% | +44.4% |
| WTI | 2024-11-21 | [Oil rises 2% on supply worries as Russia-Ukraine war escalates](https://feedsoft.ai/events/27585-oil-rises-2-on-supply-worries-as-russia-ukraine-war-escalates.md) | -0.3% | +1.3% |
| WTI | 2022-03-07 | [Euro slides as war in Ukraine stokes fears of inflationary shock](https://feedsoft.ai/events/8258-euro-slides-as-war-in-ukraine-stokes-fears-of-inflationary-shock.md) | -5.5% | -14.2% |
| DIESEL | 2026-09-16 | [Freightos Weekly Update: Red Sea transits accelerate, even as Houthis advance \| World Ports Organization](https://feedsoft.ai/events/16766-freightos-weekly-update-red-sea-transits-accelerate-even-as-houthis-advance.md) | -6.3% | -5.3% |
| DIESEL | 2025-06-23 | [Update: oil prices fall back after short-lived surge in early trading - FreightWaves](https://feedsoft.ai/events/8645-update-oil-prices-fall-back-after-short-lived-surge-in-early-trading.md) | -9.7% | -2.8% |
| DIESEL | 2022-05-01 | [Impact of Ukraine war on global shipping \| AGCS](https://feedsoft.ai/events/41307-impact-of-ukraine-war-on-global-shipping-agcs.md) | -7.7% | -14.7% |

## Sources

- ajot.com: https://www.ajot.com/news/freightos-weekly-update-war-in-ukraine-roils-ocean-and-air-logistics

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.