Business Daily Media

Men's Weekly

.

DHL: Incoming capacity poses fresh challenges for ocean freight

SINGAPORE - Media OutReach - 15 November 2022 - The DHL Ocean Freight Market Update Report November 2022 is now available. Below are highlights of the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding.



  • Demand outlook - Various events such as war in Ukraine, the energy crisis and inflation are lowering consumer spend, and thus demand in goods. "With the downward shift in market rates, it is crucial to provide our customers with the best solutions to optimize their costs in the months to come," said Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific.
  • Capacity - With a huge number of new large containerships hitting the water in 2023 at a time of stagnating demand, the liner shipping market might be headed towards structural overcapacity which could impact profits.
  • China - While port-related congestion issues in Europe and the U.S. have lessened, supply chain disruptions are continuing in China which show no signs of easing pandemic-driven restrictions, thus dampening both international trade and China's own economic growth.
  • "We are closely monitoring the situation in China, and hope to see some loosening of the restrictions by next year. This would allow manufacturers to plan production and deliveries more efficiently. It would also boost growth and confidence in the important Chinese domestic market," added Leung.
  • Economic outlook - The latest PMI surveys signalled that the downturn in global economic activity is showing no sign of relenting. Bennett Parrish, Global Economist at J.P.Morgan, added, "With demand weak, geopolitical and market volatility high, and inflationary pressures still elevated, the growth outlook remains downbeat for the remainder of the year."
  • The eurozone economy looks set to contract in the fourth quarter given the steepening loss of output and deteriorating demand picture seen in October. The U.S. economy is also struggling with manufacturing activity growing at its slowest pace.
  • Shifting rates - The combination of a lowered demand, along with growing capacity, has led to a drop in rates. Across many trade lanes, cargo volumes are weakening, and spot freight rates are projected to move back to pre-pandemic levels.

The DHL Ocean Freight Market Update is a monthly report by DHL Global Forwarding which tracks and analyses the latest developments of the global ocean freight market. Read the full analysis on DHL's Logistics of Things here.

Hashtag: #DHL

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as "The logistics company for the world".

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 81 billion euros in 2021. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve net-zero emissions logistics by 2050.

News from Asia

Porsche Design Tower Bangkok Offers a Culinary Voyage into Iconic Living

STUTTGART, GERMANY / HONG KONG SAR - Media OutReach Newswire - 25 June 2025 - Porsche Design Tower Bangkok hosted an exclusive dinner event in a private estate villa in Hong Kong, offering esteeme...

Persona5: The Phantom X Officially Launched Today in Southeast Asia. Surpasses One Million Pre-Registrations. Log In Now to Claim Free Rewards.

Available on mobile and PC NOW. TAIPEI, TAIWAN - Media OutReach Newswire - 3 July 2025 - The highly anticipated turn-based JRPG Persona5: The Phantom X is officially launched today on iOS, Android...

GreenTeams Secures Series A Led by Oriza Greenwillow Technology Fund

Launches Extended Round to Accelerate Climate Tech Innovation Across Indonesia SINGAPORE - Media OutReach Newswire - 3 July 2025 - GreenTeams, a rapidly growing climate technology company ...

Wonderhealth Launches Health Awareness Drive Focused on Preventive Care

The campaign aims to educate Singaporeans on early detection and healthy lifestyle habits talks, workshops, health screenings, corporate health screenings and digital content. SINGAPORE - Media Ou...

MyRepublic Launches Exclusive GAMER Broadband Bundle with Magic: The Gathering’s Newest Expansion – Edge of Eternities

SINGAPORE - Media OutReach Newswire - 3 July 2025 – MyRepublic announces an exclusive new bundle for trading card game fans: Receive a Magic: The Gathering (MTG) booster box from the upcoming ...

Dusit brings vibrant energy to the Maldives with a new all-inclusive resort near Malé designed for the young and the young at heart

Soft opening this July, dusitD2 Feydhoo Maldives promises ‘effortless stays’ just seven minutes by speedboat from Velana International Airport MALÉ, MALDIVES - Media OutReach Newswire - 3 July 202...

Pangaea Connectivity announced FY2025 Results: Revenue increased 53.8% to HK$2,128,200,000 driven by AI-Optimized Connectivity and Green Energy Technologies

HONG KONG SAR - EQS Newswire - 3 July 2025 - Pangaea Connectivity Technology Limited ("Pangaea" or the "Company", together with its subsidiaries, the "Group", stock code: 1473), a key player in th...

Isan Creative Festival 2025 Transforms Regional Pride into Economic Power

Get Ready for Unmissable Program Highlights! BANGKOK, THAILAND – Media OutReach Newswire – 3 July 2025 - In an era where creativity is the driving force behind economic and social development, the...

New Home Sales and Returning Investors Help Drive Hong Kong Residential Market Transactions

Overall Office Leasing Activity Picks Up, but Grade A Office and Prime Retail High-Street Rents Remain Under Pressure Homebuyers and investors were both active in the Hong Kong residentia...

Linyi Trade City ready to expand reach across world

LINYI, CHINA - Media OutReach Newswire - 2 July 2025 - From small roadside stalls to China's largest professional market cluster, Linyi Trade City in Shandong province, has achieved leapfrog growt...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Sell by LayBy