# Boston Herald - Boston news, sports, politics, opinion, entertainment, weather and obituaries - Global shipping rates skyrocket as Red Sea crisis deepens

> Freightos data show Asia-to-Northern Europe container rates rose 461% from mid-October, with North American East and West Coast rates up 130% and 97%. Carriers have added surcharges of $500 to $2,700 per container as ships avoid the Red Sea.

- Date: 2019-03-06 · published 2019-03-06T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/59999-boston-herald-boston-news-sports-politics-opinion-entertainment-weather-and
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Longer Cape of Good Hope routings and surcharges raise the cost of moving feed and grain cargoes, which tends to widen freight and landed-cost spreads for importers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- markets.bostonherald.com: http://markets.bostonherald.com/bostonherald/news/read/43865205/global_shipping_rates_skyrocket_as_red_sea_crisis_deepens

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