But spot rates and average full-market rates rose again from all of the world’s main origin regions, as carriers, freight forwarders, and cargo owners adjusted to disrupted and volatile markets, restricted capacity, demand backlogs, and higher jet fuel prices. That takes average worldwide spot rates +26% higher than in week 12 last year, with MESA spot prices +70% up, year on year (YoY). From South Asia, capacity has recovered back close to its levels prior to the war following increases in week 11 (+7%, WoW) and week 12 (+1%). From the Gulf area, spot rates rose by a further +11%, WoW, including a +24% rise to Africa and a +12% increase to destinations in the MESA region. Average spot rates from MESA origins to Europe rose by a further +7%, WoW, in week 12, after already almost doubling in the previous two weeks.

Source: CNN March 29, 2026 22:39 UTC