Xeneta: Red Sea-related Rates Could Ease

Ocean freight shipping rates are expected to increase further in February amid the ongoing Red Sea crisis, according to data from Xeneta, the ocean freight rate benchmarking platform.However, there are signs that rates could begin to fall again following the Lunar New Year peak, the Oslo, Norway-based company said.Xeneta’s projections are based on rates already received from customers for the first week in February. The company notes that, while the ... [+]

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