Container market set to normalize in mid-2023

Normal conditions could reappear on the container market between April and September 2023, says analyst firm, with the most likely interval being July to September. Both capacity and reliability are improving.

Photo: Damian Dovarganes/AP/Ritzau Scanpix

Slowly but surely, the container market is leaving behind the chaotic situation in which congestion and delays seized a large part of shipping companies’ capacity, resulting in skyrocketing freight rates.

According to a report by analyst firm Sea-Intelligence, container ship delays have been decreasing since January 2022, when the situation was at its worst, and normalization could appear in about a year, the company says.

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