Global Freight Rates Surge 30% Amid Iran War

Air cargo capacity tightened as Qatar Airways and Emirates cut operations to 60% and 74% of normal, pushing spot rates up ~30%.
Shanghai Containerized Freight Index rose 42% and Drewry World Container Index 18% since mid‑February, while ocean volumes fell 3% in Jan‑Feb.
Truckload spot rates climbed 24% YoY in Feb, 19% in Mar and 25% YTD Apr, driven by tighter oversight and fuel‑price pressures.
Analysts rate DSV outperform (DKK 2,100 target) and Maersk underperform (DKK 10,700 target) amid divergent shipping outlooks.