Ocean Freight Rates Climb as Demand Outstripping Supply: Freightos – Sourcing Journal

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,…