Expect Continued Volatility in Ocean Freight Market, Crane Says
Global ocean freight rates will likely “remain elevated” for the remainder of 2022, and shippers should continue to expect a “volatile” market until at least the second half of the year, Crane Worldwide Logistics said in a February ocean market…
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update. Crane said shippers also should carefully monitor the container port in Odessa, which Russia could block if it invades Ukraine, threatening roughly 1 million 20-foot equivalent units annually. The update also includes information on the current state of global ports and a market forecast for the remainder of the year.