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global shipping capacity down 10%

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2026
DATE
03 - 09
Congestion Returns! Global Ocean Capacity Down 10%, Air Freight Prices Spike
Escalating U.S.-Iran tensions and turmoil in the Strait of Hormuz are severely disrupting global shipping and airfreight. Vessels are piling up outside Middle Eastern ports, cutting effective ocean capacity by 10%, while restricted airspace has tightened Europe-bound air capacity and sent spot price
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