Demand pushing ocean freight rates higher

Dec 05, 2007 | 02:39 PM | Matthew Lerner

Ocean freight providers are facing new pricing, capacity and customer challenges as demand grows in line with the increase in international trade, according to ocean trade executives.

Demand for ocean freight has driven pricing to unforeseen heights, according to Gunnar Haavik, vice president and general manager of Star Shipping AS, Bergen, Norway, who spoke at AMM's second annual Moving Metals Conference in Atlanta.

Robert W. Drew, president of DLW Logistics & Consulting Ltd., agreed, adding that "market forces in place over the best part of the past year have created unprecedented challenges in securing ocean freight services."....

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