OCEAN FREIGHT MARKET UPDATE May 22

• The war in Ukraine has entered in its third month with undeniable impacts on the economy, and particularly on energy issues.

• The ripple effects of Shanghai lockdown will be all the more important as it will last a long time. If the restrictions are protracted, carriers may decide to increase port omissions and blank sailings since vessels are leaving Shanghai with a very low utilization rate that impacts freight levels. Such a measure would have an impact on the positioning of empties.

OCEAN MARKET UPDATE 052022.pdf

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