The latest DHL Ocean Freight Market Update noted a muted peak season with a downward shift in freight rate levels and demand in key import destinations was starting to slow.
“This year, we did not see the normal rush for space ahead of Golden Week when factories close in China,” said Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific.
For more details, please visit the below website of Seatrade Maritime News.
Reference: Marcus Hand, "Container freight rates moving to ‘manageable levels’: DHL", Seatrade Maritime News, Oct 18, 2022