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Ocean Freight Rates Seen Rising in 2019 as Carriers Pass Along Fuel Costs

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Importers and exporters can expect to pay higher ocean freight rates this year, as carriers pass along increased fuel costs, according to experts at maritime and shipping industry research and consulting firm Drewry. During a webinar on the outlook for freight rates in 2019, Simon Heaney, senior manager for container research, said, “Expect volatile and…

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