# Long-Term Ocean Freight Rates On The Rise Again, As Demand, Congestion And Geopolitical Uncertainty Squeeze Shippers - Supply Chain Council of European Union | Scceu.org

> The Xeneta Shipping Index showed long-term contracted ocean freight rates rose 3.9% in February 2022 after a dip in December and January. Rates are up 87.9% year on year, with port congestion, strong demand and Ukraine-related uncertainty expected to keep pressure on.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/12928-long-term-ocean-freight-rates-on-the-rise-again-as-demand-congestion-and
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Persistently high ocean freight raises the delivered cost of imported feed ingredients and can widen origin price spreads for buyers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- scceu.org: https://scceu.org/long-term-ocean-freight-rates-on-the-rise-again-as-demand-congestion-and-geopolitical-uncertainty-squeeze-shippers/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.