Posted on March 28, 2024
Market updates

Market Update: Leverage House of Shipping’s Insights on Ocean and Air Freight Trends in March 

Air-Ocean-Freight-Market-Insight_March-2024

Dive into House of Shipping’s March Market Update, your comprehensive guide on the latest trends in the supply chain and logistics industry. 

At House of Shipping, we do more than just crunch numbers. We’re here to give you the insight and tools you need to stay ahead, making sense of the market’s ups and downs in a way that’s easy to understand. 

With our expert consultancy and advisory services, you gain access to a wealth of knowledge and innovative approaches to not only understand the current market but to also lead it. 

Key highlights: 

  • The global air cargo market’s surprisingly positive start to 2024 continued in February with a second consecutive month of double-digit growth in demand and an uptick in general freight spot rates.  
  • Following January’s 11% growth in volumes, February saw a similarly welcome upward curve for airlines and freight forwarders with demand increasing +11% YoY. 
  • After global container transport volumes declined by 4.0% in 2022 and rose by just 0.2% in 2023, the consulting firm Accenture Cargo now expects container transport volumes to grow again by 3.8% in 2024. 
  • According to MDS Transmodal, a very high number of deliveries of vessels is anticipated again in 2024. Drewry expects the globally available container vessel fleet to grow by 1.9m TEU, or 6.8%, YoY after scrapping and postponement of deliveries.

Market Update: Leverage House of Shipping’s Insights on Ocean and Air Freight Trends in March 

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