DHL Ocean Freight Market Update – October 2021
Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding.
- None of the dedicated Central China – Middle East services operated by the big carriers currently offers weekly sailings. As a result, almost half of all sailings on this route have to be blanked, as the services not only lack some 40% of the pro forma capacity but also require additional ships as vessels can no longer complete a round trip in seven weeks due to port congestion and long waiting times at anchorage.
- The shortage of capacity in the Far East – Middle East trade is not only a result of port congestion; many ships have been redeployed to the main East – West routes, where cargo demand is very strong and spot freight rates are at historical highs.