# Ocean Freight Industry Stabilized in 2017, Freightos Says - TT

> Freightos reported that ocean container freight rates stabilized in 2017 after the 2016 Hanjin bankruptcy, though spot rates trended down through the year. China-to-West Coast rates peaked at $2,100 per FEU in February and dipped to $962 in December.

- Date: 2018-01-24 · published 2018-01-24T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/67175-ocean-freight-industry-stabilized-in-2017-freightos-says-tt
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Container freight stability and excess capacity keep ocean costs low for containerized feed ingredients such as additives and specialty meals. Weak container rates offer limited direct support to bulk feed commodity prices.

## Read by commodity

- OCEANFRT: neutral

## Sources

- ttnews.com: https://www.ttnews.com/articles/ocean-freight-industry-stabilized-2017-freightos-says

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