What’s next for container freight as environmental regulation looms?
Demand for moving goods around the world has dramatically fallen as the cost of living rises and consumers start to tighten their belts. However, many shipowners have been left with bumper profits accumulated during the peak. Are freight rates going to continue their downward trend?How will the market react to the upcoming ESG regulations?
In the latest Platts Commodities Focus podcast, our container editors take a look at what is to come up as the market embraces new regulations, namely IMO 2023, and the prospect of oversupply in the market given the record-high order book.