
Freight rates for crude, LNG, iron ore and grain have surged to multi-year highs in December 2025, with tanker earnings on key crude routes up 467%. Renewed Houthi attacks in the Red Sea pushed war-risk insurance premiums to near 1% of hull value.
Industry executives expect tight shipping conditions to persist into early 2026.
Higher bulk and grain freight raises delivered costs for importers and lifts export costs out of the Black Sea and Americas. Persistent Red Sea risk and longer voyages keep upward pressure on freight-linked feed prices.
Not enough comparable past events yet for a historical read.
After 22 past bullish logistics events, Crude Oil (Brent) moved a median -0.7% over 5 sessions (45% higher; middle half -5.7% to +4.5%), and -1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.