What should shippers expect when it comes to freight rates in 2024? Predicting trends is never an easy thing, as international shipping’s freight rates have always been highly volatile. Shippers got another taste of that volatility to start out 2024 with spiking freight rates in the wake of attacks on container ships in the Red Sea. In the last post, we talked about how, starting next month, shippers could start seeing relief from the surging freight rates. Does that mean freight rates will return to the behavior experts expected of them at that point?

How even did the experts expect freight rates to behave in 2024?

Let’s round up a bunch of industry professional opinions for 2024 freight rates and see some updated expert outlooks in the wake of the Red Sea attacks.

It’s all in the post in Universal Cargo’s blog.