Majority of businesses across the globe rely on the ocean for moving their goods internationally. Ocean shipment is known to be a cheaper option as compared to air shipment. Here is a list of some of the factors that determine or influence the ocean freight rates:
The ability of the shipper to negotiate rates with the freight forwarder/carrier
Bunker fluctuations
Seasons
Service charges levied by the stakeholders involved
Fluctuations in currency
Costs involved in handling and clearing goods at the port of loading and port of destination.
Whether a shipment requires a dedicated Full Container Loading (FCL) or it’s small enough to be consolidated with other cargo that is Less than Container Load (LCL)
