There is growing concern that with a drop in the stock market and European demand sliding, we may be moving toward a global recession.
Spot rates across many trade lanes have decreased massively since the start of 2022, some up to 30-45%. In contrast, long-term rates remain at record-high levels, leaving many shippers with contract rates above what they would be able to get on the spot market.
What does this growing tension mean for ocean freight rates in June 2022 and beyond?
Watch now and join Peter Sand, Chief Analyst at Xeneta, and Jan Hoffmann, Head Trade Logistics Branch at UNCTAD, as they discuss how these global events are having huge impacts on the ocean freight market, and how data is key in navigating your procurement.
Watch now to start your journey toward data, not gut, -driven decisions that empower your ocean freight procurement.
Head Trade Logistics Branch