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The global shipping industry has experienced unprecedented fluctuations in recent years, and ocean freight has been especially volatile. From pandemic-induced disruptions to geopolitical tensions, multiple factors have left shippers grappling with unpredictable freight rates. For shippers, learning to navigate these changes and anticipating price fluctuations is essential to maintaining a profitable and efficient logistics strategy. Ocean freightcarriers adjust their rates based on fuel prices, as fuel costs constitute a significant... more