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 portion of operational expenses. When fuel prices rise, shippers often experience bunker surcharges, which increase total freight costs. Staying updated on fuel trends and negotiating bunker clauses can help manage these fluctuations.
