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January 13, 2022 - 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. This report is for subscribers only Start with a FREE 30-day trial and ...

September 8, 2022 - Drewry thinks container freight rates could go down by 40% over the next ten years. This is because it believes the market will go through many ups and downs before stabilizing in 2024.

Ocean freight rates are rising sharply driven by strong demand and limited available capacity during peak season.

March 11, 2024 - For the year 2024, it is estimated that the maritime shipping market size in dollars will be in the vicinity of US$381.69 billion; in 2029 it is expected to reach US$ 471.81 billion, being, the fastest-growing market: Asia Pacific.

Declining demand for ocean freight and increasing capacity has been the story of 2023. So, how is 2024 shaping up? Download our 2024 Ocean Freight Shipping Outlook report to explore the six most significant factors projected to impact the ocean shipping market and freight rates in the year ahead.

October 12, 2022 - COVID-19’s unpredictable path ... and small shippers. Rising US import demands, extreme port congestion, and geopolitical tensions in China make it unlikely that ocean freight prices will fall this year....

Notably, Lithuania has seen a remarkable surge, growing by 64.4% year on year. In contrast, the Czech Republic experienced a decline, with its shipping freight volume decreasing by 11.5% annually since 2019. In 2024 major markets in the Sea Freight Industry were:

There is no reason why shippers ... When considering supply of container shipping capacity, 2024 has seen 2.34m TEUs delivered in the first nine months, more than in any full year previously....

Spot container freight rates have surged to unexpected highs in the first half of 2024 due the Red Sea crisis, what will happen in the remaining months of the year.

March 10, 2026 - U.S. import volumes are experiencing ... Port Tracker predicting that August will have ended with a 5% decrease and forecasting a dramatic 19.5% decline in September compared to 2024 levels....

Backlogs have lessened in recent weeks and spot rates are trending down, but rates remain elevated compared to January 2024. The U.S. to India export market is relatively well-balanced between capacity and demand.

Download Xeneta's exclusive 2024 Outlook Mid-Year Ocean Freight Update to see just how far the market has shifted since Xeneta published its 2024 Outlook.

September 8, 2025 - “Shippers have been battered by higher freight costs and tariffs during 2024 and 2025, with average spot rates from Far East to US East Coast almost touching USD 10,000 per FEU in July last year.

Overall, market indicators are signaling a more stable outlook for freight forwarding in the new year, as shown in somewhat flat forecasts for both air and ocean freight rates, continuing from their 2023 trend. Outlined below are detailed forecasts anticipated to come into play in 2024, categorized by mode or service.

2 weeks ago - Congestion for other reasons – like bad weather, labor strikes that create backlogs, or unusual events like the blockage of the Suez Canal in 2021 or the Red Sea diversions in 2024 – can also lead to backlogs and congestion. Together, increases in demand or port congestion (and the two often occur together) put upward pressure on freight rates until demand declines and/or congestion eases. Ocean carriers will increase rates by announcing General Rate Increases (GRIs) for prices on a given lane, or adding to the existing base rate through different surcharges like a Peak Season Surcharge or Port Congestion Fee.

Source: Alphaliner Monthly, April 2024 · Orderbook to fleet ratio (%) Source: globalmaritimehub.com, Alphaliner · 22.8% 0% 20% 40% 60% 80% 2002 · 2003 · 2004 · 2005 · 2006 · 2007 · 2008 · 2009 · 2010 · 2011 · 2012 · 2013 · 2014 · 2015 · 2016 · 2017 · 2018 · 2019 · 2020 · 2021 · 2022 · 2023 · Global container fleet grew 10.6% between Jun’23 & Jun’24 · OCEAN FREIGHT MARKET: SUPPLY (CONTD.)

Procurement in ocean freight involves the process of obtaining goods and services from a shipping carrier or a third-party logistics provider. The ocean freight market is expected to grow at a CAGR of 4.8% from 2024 to 2030

December 24, 2024 - In 2025, container volumes are expected to grow by 3.0-4.0%, following a notable increase of 5.0-6.0% in 2024. This upward trend suggests robust demand for shipping services. Businesses must monitor these statistics closely to optimize their ...