Ocean Freight Rates Remain Stable

Ocean Freight Rates Remain Stable

Ocean Freight Rates Remain Stable

Here are key insights from Freightos’ international freight update: Transpacific ocean rates were stable last week (though rates to the West Coast have dipped 10% so far this week) and the recent increase may have contributed to many large importers finalizing their long term ocean contracts. Shippers are reportedly paying contract rates of about $1,200…

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