# Global shipping rates surge to multi-year highs, raising costs for oil, LNG

> 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.

- Date: 2025-12-14 · published 2025-12-14T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/16900-global-shipping-rates-surge-to-multi-year-highs-raising-costs-for-oil-lng
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- BRENT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-12-11 | [Brent crude oil hits 2½-year high on Forties pipeline outage](https://feedsoft.ai/events/67645-brent-crude-oil-hits-21-2-year-high-on-forties-pipeline-outage.md) | -0.2% | +8.4% |
| BRENT | 2026-08-23 | [Unprecedented! Geopolitical conflicts combined with climate drought push freight rates on global core shipping lanes up across the board. \| World Ports Organization](https://feedsoft.ai/events/16774-unprecedented-geopolitical-conflicts-combined-with-climate-drought-push-freight.md) | -6.2% | +23.0% |
| BRENT | 2021-03-24 | [Factbox: Suez Canal blockage sends ripples through global commodity markets](https://feedsoft.ai/events/48032-factbox-suez-canal-blockage-sends-ripples-through-global-commodity-markets.md) | +5.5% | +7.1% |
| BRENT | 2021-03-24 | [Oil gains more than $3/bbl after Suez Canal ship grounding](https://feedsoft.ai/events/48292-oil-gains-more-than-3-bbl-after-suez-canal-ship-grounding.md) | +5.5% | +7.1% |
| BRENT | 2022-03-08 | [Soaring bunker prices could hasten 'return to normal' for liner trades - The Loadstar](https://feedsoft.ai/events/11762-soaring-bunker-prices-could-hasten-return-to-normal-for-liner-trades-the.md) | -13.8% | -14.5% |

## Sources

- gulfnews.com: https://gulfnews.com/business/energy/global-shipping-rates-surge-to-multi-year-highs-raising-costs-for-oil-lng-1.500377094

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