10 March 2023
DHL Market Update
Ocean Freight Market Update
March 2023
In 2023, the top-11 container lines are scheduled to receive another 89 large container vessels. This number includes 31 Megamax (MGX), 41 Neopanamax (NPX), plus 9 other mainline vessels larger than 7’000 TEU.
The new megamax ships, planned for the Asia-Europe trades, will hit the market at a time of weakening demand on the main East-West trades. Depending on the further development of the market demand, delivery of some of these ships could be deferred to next year
In a Nutshell
- DEMAND – Recovery remains slow after the lunar new year holiday.
- CAPACITY – Megamax newbuildings will start to phase into the Asia-Europe trades as of the middle of March.
- CARRIERS – Carriers’ financial results this year could be a fraction of last year’s earnings.
- RATES – Rates remain flat.
Click here to read Ocean Freight Market Update (March 2023)
You are welcome to contact Karl McCombe, Business Development Executive for DHL Global Forwarding (NZ) Ltd about your specific requirements by emailing karl.mccombe@dhl.com or phoning 029 940 4001.