DHL Ocean Freight Market Update – March 2021
Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding.
- The liner shipping industry is facing unforeseen heavy port congestion and vessel delays worldwide. The situation is adding to the severe lack of vessels, forcing carriers to blank sailings from China just at a time when these sailings could be generating record revenues.
- The real cost of port congestion for the carriers is the loss of revenue from sailings that have to be canceled.