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Ocean Freight Industry Stabilized in 2017, Freightos Says

January 24, 2018


The ocean freight industry stabilized in 2017, with rates remaining relatively steady after the turmoil of the previous year from the bankruptcy of Hanjin Shipping Co., according to a report from online freight marketplace Freightos.

Spot market rates generally trended downward throughout the year, starting with a high of $2,100 per industry standard 40-foot-equivalent unit on the China to West Coast lane and $3,549 on the China to East Coast lane in February, according to Freightos. But as the jolt of the Hanjin supply chain disruption became a distant memory, prices began tumbling again.

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