A recent report on the Seatrade Maritime News website will be interesting for anyone, like the U-Freight Group, that is involved in the international container shipping supply chain.
Quoting a number of analysts, including Xeneta, HSBC Global Research, and Sea-Intelligence present, the article paints a downbeat picture ahead for container shipping with overcapacity leaving carriers subsidising shippers on key routes.
The authors write that despite a spell of super-profits in the sector as the world economy took off again and terminal congestion eased after Covid, a huge volume of new capacity is being commissioned and many more ships are scheduled for delivery in the near-to-medium term.
The full report can be seen here:
https://tinyurl.com/56are6e5You can find more information about the U-Freight Group’s ocean freight services by visiting the relevant pages of this website or speaking to your usual contact in our company.