Our topic for today is When Will Ocean Freight Rates Go Down. What is the concept of a freight rate? Transport expenses, freight prices, and hauling fees are comparable to shipping rates. A freight rate is a cost associated with transporting a specific type of cargo from one location to another. To be more precise, […]
Our topic for today is Ocean Freight Rate Forecast 2023. The freight market gets balanced in the shipping market cycle, has been oversupplied for several months, and will soon improve. The advice given to shippers for 2023 is to get their game plan ready for transitioning into the up cycle, the next stage of the […]
Our topic for today is Ocean Freight Rate Forecast 2022. On the basis of high ocean freight rates on few basic shipping routes, the average cost of the shipping went up to almost 300% in the year 2021. It cost about USD10, 500 to ship a 40-foot container from Shanghai to Rotterdam. This is 550% […]
Ocean Freight Market Outlook 2022-2024. When governments worldwide had to put lockdowns in place because of the pandemic, there was no demand for goods from other countries. In response, shipping companies cancelled trips (called “blank sailings”) and took many of their ships out of service. But 2020 was a year with two very different halves. […]
