Freight rates declining in 2022 in the face of uncertainties

Date Added: 11 April 2022

Freight rates declining in 2022 in the face of uncertainties

With a comprehensive portfolio of ocean freight forwarding services around the globe, Davies Turner notes that Maritime Executive magazine is reporting that after a year in which freight rates continued to set new highs, spot rates are on the decline in 2022 with experts pointing to a series of factors likely contributing to an ongoing decline.

The steady drop that began in January is continuing with many experts questioning if rates have peaked due to lower demand even before the industry’s massive new building efforts begin to provide the expected dramatic increases in capacity late in 2023 and beyond.

A full report on the current situation can be seen here:

https://www.maritime-executive.com/article/freight-rates-declining-in-2022-in-the-face-of-uncertainties

For more information about Davies Turner’s ocean freight forwarding and logistics services, please contact ocean@daviesturner.co.uk or visit https://www.daviesturner.com/ocean

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