Ocean Freight Rates Cresting as Carriers See Calmer Seas – Sourcing Journal

As trade demand comes up from the bottom and streamlining of routes takes effect, ocean freight rates and profits are on the rise. Drewry’s composite World Container index dipped 0.7 percent to $2,569.68 per 40-foot container or equivalent unit (FEU) for the week ended Oct. 22, but was up 107.6 percent compared with same period…