Container shipping demand will fall much further.

DP World expects freight rates to fall another 15% to 20% in 2023, with weak demand leading to the worst, executive vice president and chief financial officer of Dubai-based global logistics company Yubrajnarayan, a person who

Narayan said there were first signs of a sharp drop in demand as authorities, including the International Monetary Fund (IMF), cut their growth forecasts, with shipping-side freight rates dropping significantly on certain routes.

Freight is the price at which cargo is delivered in a container from one point in the world to another.

Davos 2023 – Container shipping demand will fall much further – ESS-Feed (

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