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📣Record boxship deliveries forecast for 2023 and 2024 Image
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The global container ship #orderbook has continued to creep up since midyear, despite a weakening market sentiment. While container lines are still highly profitable, #freight rates and charter rates are now on a downward trajectory, indicating the market has peaked. Image
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Both freight and #vessel time charter rates are still high historically, but the general feeling is that the market is about to correct itself and normalize some time in 2023. Across many trade lanes, #cargo volumes are weakening, and spot rates are coming down swiftly.
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