Ocean Freight Rates Remain Low in February And Rise in March

Ocean Freight Rate Index

- February 15~February 28 (0215~0228) Released

February 15 ~ February 28, the overall market price is still at a relatively low level, and the supply of space is relatively not so tight. 

It is recommended that customers with good cargo take advantage of the low shipping. It is predicted that in March, prices will gradually recover.

February 15 ~ February 28 market freight rates than the overall average decline of 8%. Among them, North America fell 5%, Europe slightly rose 1%, Australia and New Zealand fell 4%, Southeast Asia fell 17%, India and Pakistan retraced down 8% 

2021 global container liner punctuality rate reached a historical low, According to the assessment of maritime data and consulting firm Sea intelligence, it will take 8 to 9 months for container liners to regain schedule reliability amid the new crown epidemic and supply chain disruptions.