DHL Ocean Freight Market Update Outlook 2022-2024

Demand remains strong amidst limited capacity, with freight rates looking to stabilize much later in 2024.

Port congestion will continue well into 2022 from port closures on short notice due to local COVID-19 outbreaks.
By 2023, rates are expected to slowly stabilize but at far higher levels than pre-Covid periods.
New containers go into market by 2024, increasing overall capacity and improving schedule reliability.

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