Ocean Freight Market Update – November 2020

Surprising turnaround : capacity demand peaks despite COVID-19 Looking back, the lockdowns in many countries severely impacted consumption, industrial production and, in a ripple effect, world trade. In expectation of stagnating and decreasing volumes, carriers issued profit warnings and started to reduce drastically their offer on numerous long haul routes through services closures, loop mergers and successive blank sailings. Source: DHL