DHL Ocean Freight Market Update – November 2020

Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding.
  • As the lockdowns were eased in several countries, demand started to rise without rational explanation at first sight. This prompted carriers to resume suspended loops and organize extra loops that progressively mopped up most of the surplus capacity.
  • The reason for this sudden resumption in container shipping demand are multiple : a catch-up effect, dislocation of air freight markets benefiting seaborne transport, a rise in demand for hygiene products, and people spending money on consumer goods rather than traveling.
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