The expected decrease in ocean freight rates after the peak season has not occurred, with the market remaining under pressure. This situation is attributed to robust US import demand, disruptions caused by weather, and reductions in carrier capacity, as reported by The Loadstar.
Analysis presented during Cargo Trans' FreightTea webinar indicated that US imports for September are projected to reach approximately 2.3 million TEU. This volume represents an increase of about 10% compared to the same month in the previous year, according to The Loadstar.
The sustained strength of demand has effectively prolonged this year's peak season. This extension comes despite earlier expectations, just weeks prior, that the peak season would conclude as usual, The Loadstar noted.
The combination of persistent demand and reduced available shipping capacity is contributing to the ongoing market conditions. This suggests a continued tight environment for ocean freight, as highlighted in The Loadstar's report.
