Iran conflict sends apparel freight rates soaring on US & EU routes
Escalating tensions in the Middle East have disrupted global crude oil supplies, resulting in sharp cost increases that SHANNING says can no longer be absorbed through internal efficiency measures alone.
Despite efforts to streamline production and reduce operational expenses, overall input costs have continued to rise beyond manageable levels. To ensure stable supply and maintain production viability, the company will increase prices for polyester filament fibers, staple fibers, and spun yarns by 10% or more.
The revised pricing applies to shipments beginning April 15, 2026. According to the company, future adjustments will take into account developments in key raw material markets as well as auxiliary materials such as packaging and logistics, with further increases implemented as necessary.
