Ocean freight rates to bottom out in Q2 2023 and remain low until an uptick in Q1 2024.
Headhaul rates fall to their lowest since August 2020, rates decline across all three trade lanes, weakened freight demand and increasing capacity continue to put downward pressure on rates. Download the Q1 2023 edition of Ti’s Ocean Freight Rate Tracker for all the latest data and analysis for sea freight rate development, capacity, congestion and container availability by trade lane.
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