Factors that affect ocean freight rates

Over 90% of the trade across the world is carried via the sea.  Other transport options like air freight have their advantages in terms of a quicker delivery but have certain limitations as well.  As a rule, shipments that weigh over 100kg are sent via sea freight. Additionally, the ocean route is a more budget-friendly option transporting in bulk quantities. Ocean freight has, therefore, become the most common and cost-effective way for international suppliers and manufacturers to ship their products across the world.  Let us understand more about ocean freight and the factors that affect its prices. What is ocean…