Spot container freight rates continue their ascent as ocean carriers pass along much higher fuel costs resulting from the effective closure of the Strait of Hormuz. If the strait doesn’t reopen soon, the impact on container market could intensify IMPORTERS of containerised goods around the globe are paying more for their ocean transport as a result of the Hormuz crisis. In yet another side effect of the Middle East war, container lines are successfully passing along fuel costs inflated by the ef...