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    HomeNewsBusinessMarketsIran-Israel war raises shipping freight rates, logistics sector tracks fuel price impact

    Iran-Israel war raises shipping freight rates, logistics sector tracks fuel price impact

    Shipping stocks like Shipping Corporation of India gained around 4 percent, Great Eastern Shipping gained around 2 percent while logistics stocks like CCI and Allcargo Gati were trading flat to 1 percent during early trade on June 23.

    Anishaa Kumar
    June 23, 2025 / 14:40 IST
    The Baltic Dry Index (BDI), a global benchmark for dry bulk shipping rates has already shown volatility amid rising geopolitical uncertainty. The BDI fell 3.5% on Friday to 1,689, its lowest level since June 10, and is down 13.5% over the past week from a high of 1,952 on June 16.
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