# Xeneta Forecasts 30% Decline in Global Freight Rates by 2027 Amid Red Sea Resumption

> Xeneta's Ocean Outlook 2027 projects a 30% full-year drop in global spot freight rates and a 5% decline in long-term contract rates in 2027. The forecast uses Q3 2026 as baseline, after spot rates on Far East to US West Coast routes rose about 344% since February.

- Date: 2026-11-11 · published 2026-11-12T00:15:16.745Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/94444-xeneta-forecasts-30-decline-in-global-freight-rates-by-2027-amid-red-sea
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Expected lower ocean freight would reduce landed costs for imported feed ingredients and US grain export margins, but the forecast is a 2027 outlook and does not change near-term prices.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- seanews.com.tr: https://www.seanews.com.tr/article/xeneta-forecasts-30-decline-in-global-freight-rates-by-2027-amid-red-sea-resumption-mwclt42b

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