DHL Global Forwarding has published its November 2022 Ocean Freight Market Update, highlighting significant issues affecting the global freight landscape. Key factors such as the Ukraine war, energy crises, and inflation are diminishing consumer spending, leading to lower demand for goods. The report notes potential overcapacity in the liner shipping market due to an influx of large vessels in 2023 and ongoing supply chain disruptions in China. Economic indicators suggest a bleak outlook for global growth, with both the eurozone and U.S. economies struggling. Consequently, rates are expected to decline to pre-pandemic levels as demand weakens and capacity increases.