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Ocean Freight Rates Riding High as Carriers See Calmer Seas

Thank you for joining Sourcing Journal & industry leaders at our SOURCING SUMMIT NY, as we discussed the most pressing issues of the day. View the Summit on-demand Oct. 22- Jan. 2, and stay tuned for the upcoming Companion Report.

As trade demand comes up from the bottom and streamlining of routes takes effect, ocean freight rates and profits are on the rise. Drewry’s composite World Container index dipped 0.7 percent to $2,569.68 per 40-foot container or equivalent unit (FEU) for the week ended Oct. 22, but was up 107.6 percent compared with same period…

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