Ocean shippers face a ‘brutal’ 2024

“Sustainable transport fuels... can really drive our decarbonisation future”:  Lars Robert Pedersen of BIMCO  Image: Pixabay

Next year could be ‘brutal’ for the ocean freight shipping market, according to the latest data from Xeneta

In October Xeneta reported that the market was once again in decline, dashing short-lived hopes of a revival.

The latest figures from the Xeneta Shipping Index of contracted rates confirm this with a drop of 4.7% in October, with the index now standing 62.3% lower than in November 2022.

Continue reading this article… 

V2-PS

Receive full access today!

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the ports and terminals sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the ports and terminals industry
  • Our extensive archive of data, research and intelligence

Already subscribed? SIGN IN now

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!