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When Will Ocean Freight Rates Go Down

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, […]

Ocean Freight Rate Forecast 2023

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 […]