# Ocean Freight Rates Highest Since Nov. – AgFax - Supply Chain Council of European Union | Scceu.org

> USDA data show ocean freight rates for bulk grains rising for five consecutive weeks, with US Gulf to Japan at $79 per mt as of March 10. The rate increase is attributed to higher crude oil prices from the Ukraine war, which disrupted Black Sea trade and pushed Brent spot prices toward $117/b expected in March.

- Date: 2022-03-18 · published 2022-03-18T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42191-ocean-freight-rates-highest-since-nov-agfax-supply-chain-council-of-european
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher bulk freight costs raise delivered prices for imported feed grains in Asia and Europe and support US export competitiveness versus Black Sea origins, while fuel-driven costs add to buyers' landed expenses.

## Read by commodity

- BRENT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-13 | [Animal Nutrition Sector Supply Chain Execs Eye Gradual Normalization Should Hormuz Shipping Resume](https://feedsoft.ai/events/19585-animal-nutrition-sector-supply-chain-execs-eye-gradual-normalization-should.md) | +5.1% | -12.3% |
| BRENT | 2018-11-28 | [Oil prices rise over 1% on outage in North Sea, expected OPEC supply cuts](https://feedsoft.ai/events/62234-oil-prices-rise-over-1-on-outage-in-north-sea-expected-opec-supply-cuts.md) | +2.9% | -11.2% |
| BRENT | 2025-12-14 | [Global shipping rates surge to multi-year highs, raising costs for oil, LNG](https://feedsoft.ai/events/16900-global-shipping-rates-surge-to-multi-year-highs-raising-costs-for-oil-lng.md) | -1.1% | +8.0% |
| BRENT | 2026-08-23 | [Unprecedented! Geopolitical conflicts combined with climate drought push freight rates on global core shipping lanes up across the board. \| World Ports Organization](https://feedsoft.ai/events/16774-unprecedented-geopolitical-conflicts-combined-with-climate-drought-push-freight.md) | -6.2% | +23.0% |
| BRENT | 2018-12-27 | [Only a temporary calm - DHL Freight Connections](https://feedsoft.ai/events/61739-only-a-temporary-calm-dhl-freight-connections.md) | +2.6% | +14.9% |

## Sources

- scceu.org: https://scceu.org/ocean-freight-rates-highest-since-nov-agfax/

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