Ocean freight market: rates are expected to rise in May/June

Ocean freight rates expected to increase in May and June mainly due to early peak-season to Europe expected due to ongoing routing around South Africa. Status of US tariffs involves ongoing changes. Effective March 4, the US has imposed 20% tariff on CN goods, 25% tariff on MX-origin goods, and 10% tariff on CA-origin energy goods (25% on all other […]