The OCEANAIR Current

The ongoing conflict in the Middle East and the closure of the Strait of Hormuz are impacting all transportation sectors due to rising fuel costs. Carriers across all modes are implementing emergency measures and increased surcharges to manage these higher fuel expenses.

Trucking

Rapidly rising diesel prices are having the most immediate impact on the trucking industry. Domestic trucking companies are facing significantly higher operating costs, as diesel prices are outpacing the increase in gasoline prices.

Air

Airlines are increasing and reviewing fuel surcharges more frequently—often weekly—due to rising jet fuel costs. Fuel typically makes up 20–30% of airline expenses, and costs are increasing further because international carriers must take longer routes to avoid conflict zones in the Middle East. These longer routes raise fuel consumption and can reduce payload capacity.

Ocean

The price of Very Low Sulfur Fuel Oil (VLSFO), used for maritime shipping, has nearly doubled since early March. Steamship lines have announced Emergency Fuel Surcharges as well as other increases to cover higher bunker costs. On average, these increases currently range from $150–$200 per TEU.

OCEANAIR will pass on any added fuel surcharges at cost. We will do our best to break out any additional fees; any spot quotes or monthly rates received will be subject to fuel fluctuations at the time of actual movement.