Uncertainty remains as market becomes more volatile. Download the Q3 2024 Ocean Freight Rate Tracker report to understand freight rate expectations for the coming months.
Key data & analysis for Q3 2024:
It is reasonable to suggest that prices will remain high in the short-term, with political instability remaining a major influence on the market.
Global demand is growing consistently.
August 2024 data indicates a 3.1% increase in capacity compared to July 2024.
Geopolitics, shifting trade patterns and unpredictable ‘underlying demand’ are having a significant impact on container shipping.
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