DHL Ocean Freight Market Outlook 2024

Find out the latest developments of the global ocean freight market in this analysis by DHL Global Forwarding.

Following Houthi rebel attacks against commercial shipping in the Bab el-Mandeb Strait, all carriers have suspended their services via the Red Sea and though the Suez Canal, rerouting most vessels via the Cape of Good Hope until a safe passage can be guaranteed.
Supply chain bottle necks are clearing up and schedule reliability is slowly increasing. But the threat of disruption remains, with draft restrictions at the Panama Canal.
1.8 Million TEU across 268 vessels have been delivered so far this year. Another 7.5 Million TEU of new capacity are in the orderbooks, while scrapping has been minimal.

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