Freight rates for container ships will decrease in 2023
In the conditions of changes in the supply and demand balance in the market, the rates for container transportation will continue to decrease.
In the conditions of changes in the supply and demand balance in the market, the rates for container transportation will continue to decrease.
A significant number of aging vessels are likely to be scrapped in the near future due to the slowdown in the market.
Since the world’s largest container carriers refused to work with the aggressor country, russia needs to look for new ways for container traffic. The European embargo on a number of russian raw materials and the closure of many ports for russian vessels also forces russia to look for new partners for trade. China became the hope for russian federation in this matter. But the plans of russian federation were hindered by another outbreak of COVID-19 in the People’s Republic of China, which blocked Chinese ports for an indefinite period.
ZIM has signed a long-term time charter contract with Seaspan Corporation for five additional container ships with a capacity of 7 thousand TEU fueled by liquefied natural gas.
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