DHL Ocean freight market update – October 2023
Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding.
- 2024 will be a record year for deliveries as carriers ordered great amounts of new vessels in the boom years of 2021 and 2022, and newbuilding deliveries are expected to remain high over this year and the next.
- With multiple blank sailings announced ahead and post Golden Week, demand for both IA and IPBC remained stagnant, but space is reportedly tight in some locations and roll pool is accumulating at transshipment ports.
- Global schedule reliability remained unchanged month-on-month at 64.3 percent, which is 23.8 percent higher compared to one year ago.