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Ocean Freight Rates Climb as Demand Outstrips Supply

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

The Freightos Baltic Global Container Index (FBX) climbed 9 percent in November to a rate of $2,442 per 40-foot container or equivalent unit (FEU), an 89 percent increase annually, driven by an extended peak season and a container shortage that is driving rates up on Asia-Europe and Asia-Mediterranean lanes, Judah Levine, research lead at Freightos,…

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