News / Are ocean freight rates easing? A fortune cookie may have the answer

In an exclusive interview on this month’s The Loadstar Podcast, Tim Scharwath, CEO of DHL Global forwarding warned shippers not to expect the current record high freight rates to start falling at least until next year’s Chinese New Year.

Nevertheless, a straw poll of The Loadstar shipper contacts this morning suggests that there is a slight softening of short-term freight rates from Asia to Europe and the US for the second half of July and into August.

Although it is a confused ...