top of page
Search
  • Writer's pictureStephen Fodor

Ocean Freight Rates Likely to Drop Further in 2023

With a huge volume of new container space to hit the international shipping arena in the next two years the downward pressure on ocean rates seems likely to continue. Rates are already down over 80% from their post-COVID peak, and while rates seem to have stabilized for the moment further declines are forecast for next year and in 2024.


Good news for importers who struggled through the record high rates seen earlier this year.


More info can be found HERE.

5 views0 comments

Recent Posts

See All

Importer Pleads Guilty to Duty Evasion

The owner of a U.S. based import business faces a maximum penalty of five years in prison, a $250,000 fine, a three-year term of supervised release, and a payment of $1,090,000 in restitution. The imp

Subscribe to My Linkedin Newsletter

To help you keep up to date on topics the impact the U.S. international trade community, be sure to read my latest newsletter and subscribe for future updates too. https://www.linkedin.com/posts/trade

Comments


  • Twitter
  • LinkedIn
  • Facebook
  • YouTube
  • Instagram

need assistance from a licensed CUSTOMS broker?

Thanks for submitting!

bottom of page