Ocean Rates Down 42% From Nov. 2016: Freight Rate Update W47
Freightos
NOVEMBER 26, 2017
Ocean Rates Down 42% From Nov. 2016. Freight Rate Update Wk 47. By John Edmonds, Research & Marketing, Freightos. The Biggest Gap On Last Year’s Ocean Prices So Far This Year. Fittingly, while ocean rates are taking a deep dive, air freight rates are still soaring, bolstered by strong e-commerce and limited capacity. On the Freightos Marketplace, the Shanghai-New York (PVG-JFK) air rates averaged $4.50/kg back in September.
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