Sea-Intelligence’s Post

Although the rates in this article are somewhat "dated," in the sense that they are reflective of the May rates, which cannot be shipped against any longer. Vessels are already full well into June. June rates tack on another $1,000 to the already breathtaking spot levels. The image does show, however, how frightening and quick the rates have spiked. East coast rates are up 62% since January. And the west coast rates are up an eye-popping 81% in just five short months. How quickly the world of global logistics can turn. #oceanfreight #oceanshipping #congestion #equipmentshortages #spacecrunch #spotrates #spotmarket #ratespikefromhell

If you want to better understand the volatility of ocean and air rates for free, do this: • Follow Lars Jensen and read his posts. • Follow Drewry Shipping Consultants Ltd: https://rb.gy/5hqqyp • Follow the Freightos index on ocean rates: https://rb.gy/mk7azt • Check in with your forwarders and shipping lines and let them share their view on the market. • Read what Stephanie Loomis writes in her posts. #aircargo #oceancargo #freightforwarding #logistics

🚢 Understanding Ocean Freight Rates: Spot vs. Contracted 🌐 Spot Rates: 🔍 Flexible, but subject to market fluctuations. Immediate bookings with variable costs. Ideal for short-term shipping needs. Contracted Rates: 🤝 Long-term agreements with fixed rates. Stability amidst market volatility. Plan ahead, secure cost-effective solutions. 💡 Pro Tip: Booking Contracted Rates 4-5 weeks in advance = Massive Savings! 📉 Don't miss out on strategic planning benefits; lock in your rates and sail smoothly towards cost efficiency. 🌊💼 #Logistics #SupplyChain #OceanFreight #CostSavings #ContractedRates

European #roadfreight rates: Both spot and contract rates fell in Q1 2024 What’s projected for the rest of the year? Discover the factors shaping road freight rates in 2024 ➡️ https://go.iru.org/H9

📣【Freight Current News – 2024 June】 Shipping freight rates reach highest level again! On June 15th, ocean freight rates on the Europe and America routes increased by $1,000 😮 Shipping companies are alsostruggling to fulfill the demand on Europe and America routes. This insufficient space also causing prices to rise. https://shorturl.at/Nenvg 👈🏻 #freightrate #shippingissue #shippingspace #shippingnews

What are the disadvantages of a voyage charter? Disadvantages: Vulnerability to Market Fluctuations: While time charters protect against market volatility, voyage charters expose charterers to fluctuating freight rates. During peak times, costs can escalate significantly, affecting overall profitability and a lack of flexibility for the charterer.

Navigating Ocean Freight Rates: A Beginner's Guide Understanding ocean freight rates can be confusing for businesses new to international shipping. This guide provides an easy-to-understand breakdown of how ocean freight rates are calculated, including base rates, fuel surcharges, and handling fees. We also explain what factors affect rates, such as seasonal demand, geopolitical factors, and fuel costs. For businesses looking to expand globally, knowing how to interpret and manage these rates is essential for budget planning and profitability. For More Information Visit Our Website https://lnkd.in/dn62fn77 #OceanFreight #SeaFreight #OceanShipping #FreightShipping

Let's dive into a discussion! Share your thoughts on how rail freight has impacted your industry or your strategies for navigating disruptions. 🚄💼 #RailFreight #LogisticsInnovation #SupplyChainResilience

Since May, the cost of shipping as soared as Red Sea re-routing and record demand has squeezed capacity on ships and increased journey times 🛳⏰ But after weeks of double-digit growth, the pace of price increases has slowed dramatically. So, is the cost of shipping good stabilizing? Might it start coming down? And what's caused prices to rise to their highest since the pandemic? We explain all in our latest article, and provide some tips and advice on how you might be able to mitigate against increasing prices as you plan your dream relocation: https://bit.ly/3Lx7UOo

🚢 Ocean FCL Update: Important Rate Changes! 🚢 Hey everyone! We have an important update on Ocean FCL (Full Container Load) rates. While US West Coast rates have increased significantly, US East Coast rates have decreased since our last update. Make sure to check out the link in the comments for the latest rates and details. Adjust your shipping plans accordingly, and if you need any help or have questions, don’t hesitate to reach out. We’re here to support you! #Shipping #Logistics #FreightUpdates #OceanFCL