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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