Today I am pleased to invite you to Xeneta’s State of the Ocean Freight market webinar on Tuesday, June 21 at 17:00 CET/11:00AM EST
The big question I will ask my special guest is: Are we heading into a global recession, and what would that mean for ocean freight rates?
Duration: 40 minutes
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?
Sign up to and be a part of the conversation when I welcome: Jan Hoffmann, Head Trade Logistics Branch at UNCTAD, to discuss how these global events are having huge impacts on the ocean freight market, and how data is key in navigating your procurement.
You’ll learn:
- Spot rates down 30% on many major corridors, how far will they go?
- Peak inside Xeneta data on short- and long-term rate trends
- Expert insight on schedule reliability and capacity challenges
- Identify potential savings opportunities and improve long-term strategies
June 21, 2022, at 17:00 CET/11:00AM EST
Jan Hoffmann
Head Trade Logistics Branch
UNCTAD
Sign up to start your journey toward data, not gut, -driven decisions that empower your ocean freight procurement.
https://www.xeneta.com/state-of-the-market-ocean-freight-2022-june
