DHL GF: Ocean freight market update

© Binkski

Here’s the latest, monthly ocean market update published by DHL Global Forwarding:

Topic of the month: Container shortage in Asia

Box shortage on headhaul trades pushes up rates and starts to affect backhaul trades

A combination of very strong cargo demand in Asia and an increasing shortage of 40’ containers has seen spot rates for Chinese export rising sharply over the last few weeks. Carriers put priority on getting empty 40’ containers in China to take advantage of the lucrative rates on headhaul ...