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Container freight markets were supported by pandemic-related congestion and a sharp rise in transpacific rates, with FBX01 up 6.16% from late February to early March 2022. Brent crude spot approached $140 on March 8, pushing bunker adjustment factors higher.
Sanctions on Russia are also shifting Northern European transhipment demand.
Higher bunker costs and container rates lift the cost of imported feed ingredients and freight. Sanctions-driven rerouting adds uncertainty to Baltic and European shipping flows that feed buyers rely on.
balticexchange.comMar 10, 2022Not enough comparable past events yet for a historical read.
After 22 past bullish logistics events, Crude Oil (Brent) moved a median -0.7% over 5 sessions (45% higher; middle half -5.7% to +4.5%), and -1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
