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TRL3704 ASSIGNMENT 3 S1 2023
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TRL3704Assignment number: 03
Year: 2023(SEMESTER 1)
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Question 1.1: Why does the freight rate of different products fluctuate so much?
The freight rates of different products fluctuate due to various factors. Some of the
key factors that affect freight rates include supply and demand, vessel capacity, fuel
prices, port congestion, weather conditions, and geopolitical events. For example,
when the demand for a particular product exceeds its supply, the freight rates for that
product may increase due to the limited availability of shipping capacity.
LOLA JACOBS ASSIGNMENTS 0618151315
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