Insights and Stories on Ocean Freight

Jun. 16, 2022 at 7:17 pm CDT

Washington | Reuters — U.S. President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs. The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week. Biden said he had “promised […]

By David Shepardson

Sep. 17, 2021 at 7:17 pm CDT

MarketsFarm — Strong demand to move cargo coupled with weather-related shipping constraints in a number of key corridors has helped take ocean freight rates to their highest levels in more than a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, settled Friday at 4,275 points, marking […]

By Phil Franz-Warkentin

May. 7, 2021 at 4:07 am CDT

MarketsFarm — Ocean freight rates have climbed steadily higher over the past year, recovering from the lows hit at the start of the pandemic in early 2020 to see their highest levels in over a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, hit a high […]

By Phil Franz-Warkentin

Mar. 17, 2021 at 1:57 am CDT

MarketsFarm — Ocean freight rates have moved steadily higher over the past month, nearing some of their highest levels of the past year. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved higher most of the past month, settling above 2,000 points for the first time […]

By Phil Franz-Warkentin

Nov. 5, 2020 at 7:02 pm CST

MarketsFarm — Ocean freight rates have fallen off of their highs of the past year over the course of the past month, but remain well above the lows hit in the spring when global markets first started reacting to the COVID-19 pandemic. The Baltic Dry Index (BDI), a major indicator […]

By MarketsFarm Team