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.

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