As one of the world’s largest ocean freight forwarders, offers outstanding, cost-effective logistics solutions designed to meet all sea transport challenges.
As one of the world’s largest ocean freight forwarders, offers outstanding, cost-effective logistics solutions designed to meet all sea transport challenges.
Ocean Freight transports freight by sea to 130 countries, facilitating the global trading relationships of 700,000 customers. As one of the world’s leading ocean freight forwarders, we shift 3,800 containers a day.
Let’s start with the obvious. As you can probably guess, one of the most crucial factors to calculate freight costs for any type of transportation mode is fuel. Oil prices are constantly changing, and they are closely related to the cost of bunker fuel.
Seasonal demand of commodities is also a key factor in calculating ocean freight rates. Because of changes in supply and demand, certain commodities become more expensive to ship during their peak seasons.
Shipping is a global industry, but not every country uses the same currency. We will not discuss the monetary policies of governments, but currency exchange rates have a significant impact on ocean freight rates, too. Even though the U.S. Dollar is the most accepted currency for international U.S.
In the simplest terms, ocean freight itself is a commodity. Similar to physical commodities, such as oil, natural gas, or steel, when demand is higher than supply, the value of the commodity rises. As we have seen an instant increase in freight rates after Hanjin’s bankruptcy.
Seasonal demand of commodities is also a key factor in calculating ocean freight rates. Because of changes in supply and demand, certain commodities become more expensive to ship during their peak seasons.
In the simplest terms, ocean freight itself is a commodity. Similar to physical commodities, such as oil, natural gas, or steel, when demand is higher than supply, the value of the commodity rises. As we have seen an instant increase in freight rates after Hanjin’s bankruptcy.
