Third Quarter 2022 Status for Container and Dry Bulk Cargo in the Freight Market

Freight transportation earnings, which had increased slightly in the early third quarter of 2022, again declined in the late third quarter.
It is anticipated that the downside risk in the freight market will continue in the last quarter of the year as well. If we refer to the framework of this risk with its main lines;
1. Reduction in the container market as a result of the changing consumer model and weakening of purchasing power
2. Ships with high speed and efficiency as a result of decreasing demand
3. Russia's reduction in coal demand, Europe and China banning coal imports
4. It is seen that there is a limited wheat export volume in the Black Sea region.
It is expected that container freight rates will continue to decrease from $7,000 per box in 2021-2022 to an average of $4-5k in 2023.
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