DHL Ocean Freight Market Update – May 2024

Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding.
  • OFR market demand has grown YoY since October.
  • A 9.6 percent annual fleet growth rate is observed.
  • Daily deliveries since March continue, with over 300,000 TEU scheduled monthly from April to June.
  • Vessel diversions to the Cape of Good Hope, strong demand increase, and additional summer service deployments have absorbed available supply.
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