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December 19, 2023 Update

Freightos

Judah Levine December 19, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 3% to $1,556/FEU. Europe prices (FBX11 Weekly) were also level at $1,467/FEU.

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Freight Market Snapshot: Houthi Attacks in Red Sea and Suez Canal News Updates

Freightos

In addition to time, the fuel implications add up significantly both from a cost perspective and in terms of carbon emissions. Increasing rates may, however, prove to be a detrimental anchor for global supply chain organizations that are now embarking on their annual ocean freight contract negotiations.

Freight 250
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New: Global Trade Map 2016

Supply Chain Movement

According to Aberdeen Research, “international shipments cost twice as much, take five times as long and have five times more variability than domestic shipments.” Best-in-class companies have strategically aligned their in-house practices with the relevant EU trade agreements they wish to make use of. Seychelles. Saint Helena.