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Ocean Freight Rates Ease but Fog of War Darkens Outlook

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Data shows ocean freight rates are broadly staying the course but still up considerably from the past 12 months. Despite the war in Ukraine and Covid lockdowns in China, the Freightos Baltic Global Index–published in collaboration with Freightos, Vespucci Maritime and Freight Investor Services–was largely stable in March, decreasing 4 percent to $9,443 per 40-foot…

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