Ocean Shipping Reverts to Pre-Pandemic Levels

Trade & Border IssuesCovid-19Hot Spots
Written By Jennifer Joslyn

🌊 Ocean Shipping Reverts to Pre-Pandemic Levels.

Ocean shipping rates are returning to pre-pandemic levels as volumes decrease and new capacity comes online. Shippers are benefiting from lower costs, with contracts on trans-Pacific and Asia-Europe routes offering significant reductions compared to 2022. However, analysts caution that the market remains volatile, and while rates are stabilizing, the global economy and consumer confidence continue to shape forecasts for the shipping industry.

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Jennifer Joslyn
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