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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