Here are the key trends taking shape in global ocean freight:
1. Global freight rates reduced drastically, to more sustainable levels, but remain significantly above pre-covid levels
2. Low demand and large influx of new tonnage/capacity (mid-2023) will continue to put downward pressure on rates
3. To counter, Carriers may resort to rationalise services, slow-steam, or postpone new tonnage/capacity deployment
4. Port and landside operations in key regions impacted by industrial strikes and labour shortages
5. 2023-24 contract negotiation heading to a mixed model arrangement
Wednesday 26 October 2022
Visy's global ocean freight market update
More news
View all
Industry-leading 70% recycled glass target smashed by manufacturer Visy, in New Zealand first
For the first time in New Zealand, the country’s only glass manufacturer Visy achieved an average of 70% recycled glass content in its locally-made
Learn More about Industry-leading 70% recycled glass target smashed by manufacturer Visy, in New Zealand first
Teamwork at the heart of cardboard production for supervisor
Sandeep, a corrugator supervisor, oversees the production of cardboard and leads a team of nine operators at our Hamilton board site on New Zealand
Learn More about Teamwork at the heart of cardboard production for supervisor
Visy announces new innovative insulation, Visycell, to help Australia ditch problematic polystyrene
Visy has today announced a new product called Visycell—currently being trialed with food delivery
Family culture makes Visy an enjoyable place to work
Luke is the Production Supervisor at our Smithfield Material Recovery Facility (MRF).
Learn More about Family culture makes Visy an enjoyable place to work
New, Australian market-leading sustainable beverage can with 83% recycled content
Packed with an average of 83% recycled content, we are manufacturing a more sustainable beverage can, locally at our site in Yatala, Queensland&nbs
Learn More about New, Australian market-leading sustainable beverage can with 83% recycled content