Definition Of Sea Freight

      Sea freight means shipping services through shipping industries. The cargo or the goods that you are shipping will be transported from one country to the other by sea. Sea freight takes much longer time than air freight. If you can transport your cargo within 2 weeks by air freight, then the same thing could take 2 to 3 months by sea freight. More..

The Ocean Line Index is a monthly publication that indicates the ocean freight statistics. In addition, the publication also informs you of the constant changes taking place in the freight industry. The ocean and sea freight industry is heavily influenced by the oil prices. The Index tells you the different prices being paid for freight throughout the world. You can estimate the costs of shopping regardless of the country and the geographic location of the cargo.

Every ocean liner has a fixed way of operation. So, when we say statistics, every containers statistics is taken and calculated individually. The nationality of the shipper or the company that owns the liner is not taken into account. Ocean liners are mainly used to transport liquids and bulk products. However, this is only one segment of the ocean freight industry. There are other types of carriers like tramps and tankers that carry liquids and goods. However, these are highly irregular and unscheduled carriers. They mostly travel based on the arrangement between the shipper and the carrier.

The ocean freight index can be broadly classified into inbound and outbound liners. Out bound liners go to many countries, while inbound liners operate within a specific boundary or within the country.

Ocean freight statistics are very important to calculate the gross domestic product of the country. The United States Bureau of Economic Analysis uses the ocean freight index to calculate the shipping costs and payments.

For every ocean liner factors like service route, commodities, container sizes, rate and service charges are calculated individually. The unscheduled vessels are calculated based on the consignment value.

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