Shipping rates: prepare for a stormy 2024 as shipping lines set sights on freight rate increases

Supply chains around the world could be at serious risk amid expected increases in the cost of ocean freight shipping during 2024. The cost of moving goods by sea has plummeted during 2023 by almost 60% for long term contracts on a global level and some corridors, such as the Transatlantic into US East Coast and Far East to Europe, […]