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Ocean freight rates picked up again on March 1, 2022 as geopolitical tensions escalated over Ukraine. The report describes firmer shipping rate movement amid the conflict.
Rising ocean freight adds to the delivered cost of imported feed commodities and tends to lift landed prices for buyers relying on seaborne supply.
ship.energyLesley Bankes-HughesMar 1, 2022Not enough comparable past events yet for a historical read.
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.
Ocean freight rates firmed on March 1 as the Ukraine conflict escalated, matching the timing and direction of the move.
