DHL Ocean Freight Market Update – July 2022
Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding.
- May schedule reliability of 36.4 percent is the highest so far for 2022. However, lingering port strikes in Europe and the U.S. West Coast, plus the start of the traditional peak season in Q3 might put a damper on schedule reliability improvement.
- The port congestion in Europe is still a major issue which delays schedules, more blank sailings have been announced by all carriers and alliances.
- With Shanghai gradually returning to normalcy, factory production is picking up and volume will be improving from July. The ILWU and PMA has commented that neither party is preparing for a strike or lockdown and there will not be port disruption for U.S. West Coast.