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.